By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – GS Finance Corp. priced $948,000 of 0% leveraged index-linked notes due July 31, 2025 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 finishes above its initial level, the payout at maturity will be par plus 1.12 times the index return.
The payout will be par if the index falls by up to 25%. Otherwise, investors will be exposed to any losses.
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: | S&P 500 index
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Amount: | $948,000
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Maturity: | July 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.12 times any index gain; par if index falls by up to 25%; full exposure to losses otherwise
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Initial index level: | 3,218.44
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.85%
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Cusip: | 40057CFW6
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