By Kiku Steinfeld
Chicago, Dec. 6 – GS Finance Corp. priced $475,000 of 0% leveraged index-linked notes due Nov. 27, 2026 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.05 times the return.
If the index finishes flat or falls by up to 30%, investors will receive par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% decline from the 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 index-linked notes
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Underlying index: | Dow Jones U.S. Select Dividend index
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Amount: | $475,000
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Maturity: | Nov. 27, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.05 times any index gain; if index falls by up to 30%, par plus absolute value of return; 1% loss for every 1% decline
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Initial index level: | 861.22
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Trigger buffer level: | 70% of initial index level
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Pricing date: | Nov. 23
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Settlement date: | Nov. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.375%
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Cusip: | 40057JXE1
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