By Sarah Lizee
Olympia, Wash., July 17 – GS Finance Corp. priced $1.27 million of 0% buffered index-linked notes due July 17, 2023 tied 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 index return is positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline in the index beyond 30%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $1,265,000
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Maturity: | July 17, 2023
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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 the index return; par if index falls by up to 30%; 1% loss for every 1% decline beyond 30%
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Initial index level: | 2,798.29
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Pricing date: | July 12
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Settlement date: | July 17
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.46%
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Cusip: | 40055QH88
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