Chicago, April 30 – GS Finance Corp. priced $1.85 million of 0% buffered index-linked notes due Jan. 31, 2029 based on 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.
The payout at maturity will be par plus 1.02 times any index gain.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline 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: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,853,000
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Maturity: | Jan. 31, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.02 times any index gain; if index falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index level: | 4,890.97
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Buffer level: | 85% of initial level
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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: | 4.125%
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Cusip: | 40057XPX7
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