New York, Jan. 5 – GS Finance Corp. priced $12.06 million of 0% Buffered PLUS due April 2, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 13.2%. Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $12.06 million
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Maturity: | April 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 200% of index return subject to a maximum return of par plus 13.2%; par if index declines by 5% or less; 1% loss for every 1% that index declines beyond 5%
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Initial level: | 4,783.35
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Buffer: | 5%
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Upside leverage: | 200%
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Cap: | 13.2%
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 40057XJ55
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