Chicago, Nov. 7 – GS Finance Corp. priced $641,000 of 0% leveraged buffered index-linked notes due Oct. 31, 2024 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus 1.11 times the gain
If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15% of its initial level.
Goldman Sachs & Co. LLC is the agent.
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: | Dow Jones industrial average
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Amount: | $641,000
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes above initial level, par plus 1.11 times gain; if index finishes flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index level: | 27,090.72
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Buffer level: | 85% of initial level
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.67%
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Cusip: | 40056XF84
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