By William Gullotti
Buffalo, N.Y., April 18 – GS Finance Corp. priced $1.36 million of 0% buffered digital index-linked notes due May 16, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its digital value, 93% of its initial level, the payout at maturity will be par plus 7.2%.
If the index declines by more than 7% but finishes at or above its buffer value, 86% of its initial value, the payout will be par plus the absolute value of the index’s return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 14%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,357,000
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Maturity: | May 16, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal to 93% of its initial level, par plus 7.2%; if index falls by more than 7% but not more than 14%, par plus absolute value of index return; otherwise, 1% loss for each 1% decline beyond 14%
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Initial index level: | 4,091.95
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Digital value: | 93% of initial level
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Buffer value: | 86% of initial level
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Pricing date: | April 12
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Settlement date: | April 17
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.93%
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Cusip: | 40057RCS5
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