By Sarah Lizee
Olympia, Wash., Aug. 5 – GS Finance Corp. priced $2.36 million of 0% leveraged notes due Aug. 3, 2023 linked to the Nikkei 225 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 1.74 times the index return.
If the index declines by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 notes
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Underlying index: | Nikkei 225
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Amount: | $2.36 million
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Maturity: | Aug. 3, 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 1.74 times the index return; if the index declines by up to 25%, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
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Initial level: | 21,709.31
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Pricing date: | July 30
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Settlement date: | Aug. 2
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.8%
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Cusip: | 40056FWU5
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