By Angela McDaniels
Tacoma, Wash., April 4 – GS Finance Corp. priced $1.17 million of 0% leveraged buffered notes due April 4, 2024 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 index return is positive, the payout at maturity will be par plus 117% of the index return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% that the index may decline beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $1.17 million
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 117% of index return; par if index falls by up to 25%; 1% loss for every 1% decline in index beyond 25%
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Initial level: | 2,834.40
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Pricing date: | March 29
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Settlement date: | April 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.98%
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Cusip: | 40056F2Q7
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