Chicago, June 16 – GS Finance Corp. priced $4.42 million of 0% buffered digital notes due July 3, 2024 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 final index level is greater than or equal to 93% of the initial level, the payout at maturity will be the maximum settlement amount, $1,070 per $1,000 principal amount of notes.
If the final index level is less than 93% of the initial level but not more than 20%, investors will receive par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
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: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $4,419,000
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Maturity: | July 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is above 93% of initial level, par plus 7%; par plus absolute value of index return if index declines more than 7% but not more than 20%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial index level: | 4,179.83
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Threshold level: | 93% of initial level
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Buffer level: | 80% of initial level
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.43%
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Cusip: | 40057RTA6
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