By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – GS Finance Corp. priced $409,000 of 0% leveraged buffered index-linked notes due Oct. 5, 2022 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 1.25 times the index return up to a maximum payout of par plus 34%.
If the index return is zero or negative but not less than negative 15%, the payout will be par.
Investors will lose 1% for every 1% decline in the index beyond 15%.
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 index-linked notes
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Underlying index: | S&P 500
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Amount: | $409,000
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Maturity: | Oct. 5, 2022
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.25 times the index return, up to maximum of par plus 34%; if index falls by up to 15%, par; 1% loss for every 1% decline in the index beyond 15%
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Initial index level: | 2,976.74
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.8%
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Cusip: | 40056XC20
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