By William Gullotti
Buffalo, N.Y., Oct. 16 – GS Finance Corp. priced $3.07 million of 0% leveraged buffered index-linked notes due April 9, 2026 tied to the S&P 500 Futures Excess Return 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 175% of the index gain, capped at par plus 43%.
If the index return is flat or falls by up to 25%, investors will receive par. Investors will lose 1% for every 1% decline beyond 25%.
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 Futures Excess Return index
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Amount: | $3,067,000
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Maturity: | April 9, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 175% of the index gain, capped at par plus 43%; if index return is flat or falls by up to 25%, par; 1% loss for every 1% decline beyond 25%
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Initial index level: | 385.36
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Buffer level: | 75% of initial level
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Pricing date: | Oct. 6
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Settlement date: | Oct. 12
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057WMF1
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