By Sarah Lizee
Olympia, Wash., Dec. 10 – GS Finance Corp. priced $54,000 of 0% index-linked notes due May 31, 2023 tied to the Euro Stoxx 50 index and 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 each index finishes at or its initial level, the payout at maturity will be par plus the return of the worst performing index.
If the lesser performing index falls by up to 20%, the payout will be par.
If either index falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing index beyond 20%.
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: | Index-linked notes
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Underlying indexes: | Euro Stoxx 50 and S&P 500
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Amount: | $54,000
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Maturity: | May 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus return of worst performer; par if lesser performing index falls by up to 20%; 1% loss for every 1% decline of the lesser performing index beyond 20%
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Initial levels: | Lowest of closing levels of underliers on observation dates occurring on the 25th of each month until April 25, 2020
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40056XLF1
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