Chicago, April 30 – GS Finance Corp. priced $1.41 million of 0% index-linked notes due Jan. 29, 2027 linked to the lesser performing of the Russell 2000 index and 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 lesser performing index finishes at or above its initial level, the payout at maturity will be par plus 1.05 times the return of that index.
Investors will receive par plus the absolute return of the index if the worst performer declines but not more than 15%.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 15% buffer of the worst performer.
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: | Index-linked notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $1,407,000
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Maturity: | Jan. 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.05 times return of worst performing index if both indexes finish positive; par plus absolute value of return of worst performer if that index declines but not more than 15%; otherwise, 1% loss for each 1% decline from initial level of worst performer beyond 15% buffer
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Initial index levels: | 4,890.97 for S&P, 1,978.331 for Russell
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Buffer levels: | 85% of initial levels
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.15%
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Cusip: | 40057XPK5
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