By William Gullotti
Buffalo, N.Y., July 12 – GS Finance Corp. priced $4.12 million of 0% leveraged buffered index-linked notes due June 30, 2025 tied to the Russell 2000 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 29.26%.
If the index return is flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent, with JPMorgan 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: | Russell 2000 index
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Amount: | $4.12 million
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Maturity: | June 30, 2025
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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 29.26%; if index return is flat or falls by up to 15%, par; otherwise, 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 1,849.93
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Buffer level: | 85% of initial level
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Goldman Sachs & Co. LLC, with JPMorgan as placement agent
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Fees: | 1.5%
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Cusip: | 40057T5L4
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