By William Gullotti
Buffalo, N.Y., June 23 – GS Finance Corp. priced $4.02 million of 0% leveraged buffered index-linked notes due June 22, 2026 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 200% of the index gain, capped at par plus 30.38%.
If the index return is flat or falls by up to 20%, investors will receive par plus the absolute value of the return.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent, with JPMorgan acting as placement 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: | $4,024,000
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Maturity: | June 22, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of the index gain, capped at par plus 30.38%; if index return is flat or falls by up to 20%, par plus absolute value of index return; otherwise, 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 4,409.59
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Buffer level: | 80% of initial level
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Pricing date: | June 16
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Settlement date: | June 22
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Agent: | Goldman Sachs & Co. LLC, with JPMorgan as placement agent
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Fees: | 2%
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Cusip: | 40057TC36
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