By William Gullotti
Buffalo, N.Y., Jan. 12 – GS Finance Corp. priced $2.2 million of 0% leveraged buffered index-linked notes due Jan. 7, 2027 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.75 times the index return.
Investors will receive par if the index falls by no more than 10% and will lose 1% for every 1% decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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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: | $2,203,000
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Maturity: | Jan. 7, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.75 times the index return; if index declines by no more than 10%, par; otherwise, lose 1% for every 1% decline beyond 10%
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Initial index level: | 415.04
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Buffer level: | 90% of initial level
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Pricing date: | Jan. 4
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Settlement date: | Jan. 9
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057XRC1
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