By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – GS Finance Corp. priced $2.83 million of 0% leveraged buffered index-linked notes due May 23, 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 200% of the index gain, capped at par plus 25.2%.
If the index return is flat or 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: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2.83 million
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Maturity: | May 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of the index gain, capped at par plus 25.2%; if index return is flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index level: | 3,965.34
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Buffer level: | 85% of initial level
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057NXZ5
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