By Wendy Van Sickle
Columbus, Ohio, June 24 – GS Finance Corp. priced $45.53 million of 0% buffered index-linked notes due June 21, 2024 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 return is positive, investors will receive par plus the index gain, capped at par plus 26.7%.
If the index return is flat or falls by up to 20%, investors will receive par. Investors will lose 1.25% for every 1% decline beyond 20%.
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: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $45,525,000
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Maturity: | June 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the index gain, capped at par plus 26.7%; if index return is flat or falls by up to 20%, par; 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 3,674.84
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Buffer level: | 80% of initial level
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Pricing date: | June 17
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Settlement date: | June 23
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Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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Fees: | 1.5%
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Cusip: | 40057MF87
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