Chicago, April 23 – GS Finance Corp. priced $625,000 of 0% digital index-linked notes due July 30, 2025 linked 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 final level of the index is greater than or equal to the buffer level, 75% of its initial level, the payout at maturity will be par plus 10.2%.
Otherwise, investors will lose 1% for every 1% that the index declines from the initial level.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $625,000
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Maturity: | July 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal trigger level, par plus 10.2%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial index level: | 4,894.16
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Trigger level: | 75% of initial level
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 40057XY33
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