By William Gullotti
Buffalo, N.Y., Sept. 17 – GS Finance Corp. priced $4.41 million of 0% index-linked trigger notes due Sept. 13, 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 finishes above its initial level, the payout at maturity will be par plus double the index gain, subject to a maximum payout of par plus 27.74%.
If the index declines up to 20%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $4,412,000
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Maturity: | Sept. 13, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above initial level, par plus two times the index return, capped at par plus 27.74%; if the index declines up to 20%, par; otherwise, full exposure to losses of index
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Initial index level: | 4,458.58
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Trigger level: | 80% of initial level
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Pricing date: | Sept. 10
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Settlement date: | Sept. 15
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 2%
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Cusip: | 40057JJ98
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