By William Gullotti
Buffalo, N.Y., April 22 – GS Finance Corp. priced $2.81 million of 0% leveraged buffered index-linked notes due Oct. 1, 2026 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus 1.3 times the index gain.
Investors will gain 1% for each 1% of index decline if the index declines by no more than 15% and will lose 1% for each 1% that it declines beyond 15%.
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 buffered index-linked notes
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Underlying index: | S&P 500 Futures Excess Return index
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Amount: | $2,807,000
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Maturity: | Oct. 1, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times the index gain; if index return is flat or falls by up to 15%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline beyond 15%
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Initial index level: | 460.16
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Buffer level: | 85% of initial level
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Pricing date: | March 28
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Settlement date: | April 2
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.25%
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Cusip: | 40057YJG9
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