By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. priced $18.77 million of 0% index-linked notes due June 30, 2025 linked to the performance of 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 return of the index is positive, the payout at maturity will be par plus the return of the index, subject to a maximum settlement amount of par plus 16.23%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement 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 index: | S&P 500 index
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Amount: | $18.77 million
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Maturity: | June 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the return, capped at par plus 16.23%; otherwise, par
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Initial level: | 4,378.41
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Pricing date: | June 27
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Settlement date: | June 30
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Agents: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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Fees: | 1.5%
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Cusip: | 40057T5T7
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