By Sarah Lizee
Olympia, Wash., Sept. 5 – GS Finance Corp. priced $2.15 million of 1% leveraged buffered notes due Sept. 2, 2022 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, up to a maximum payout of par plus 17.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The notes will be 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: | Fixed-coupon leveraged buffered notes
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Underlying index: | S&P 500 Value
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Amount: | $2.15 million
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Maturity: | Sept. 2, 2022
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Coupon: | 1%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of the index return, up to a maximum payout of par plus 17.3%; par if the index declines by 10% or less and 1% loss for every 1% that the index declines beyond 10%
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Initial level: | 1,133.623
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.15%
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Cusip: | 40056X3Z7
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