By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – GS Finance Corp. priced $26.64 million of 0% leveraged index-linked notes due Dec. 6, 2023 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 175% of the index return. Otherwise, investors will be exposed to the index’s decline.
Goldman Sachs & Co. LLC is the underwriter.
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
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Amount: | $26.64 million
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Maturity: | Dec. 6, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.75 times any index gain; otherwise, exposure to index’s decline
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Initial index level: | 4,080.15
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Pricing date: | Dec. 3
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Settlement date: | Dec. 10
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.3%
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Cusip: | 40057KFG3
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