By William Gullotti
Buffalo, N.Y., May 25 – GS Finance Corp. priced $3.21 million of 0% leveraged buffered index-linked notes due May 22, 2025 tied 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 index return is positive, investors will receive par plus 125% of the index gain, capped at par plus 22.5%.
If the index return is flat or falls by up to 10%, investors will receive par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3.21 million
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Maturity: | May 22, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of the index gain, capped at par plus 22.5%; if index return is flat or falls by up to 10%, par plus absolute value of index return; 1% loss for every 1% decline beyond 10%
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Initial index level: | 4,191.98
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Buffer level: | 90% of initial level
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2%
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Cusip: | 40057RPE2
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