By Kiku Steinfeld
Chicago, Oct. 2 – GS Finance Corp. priced $1.84 million of 0% index-linked trigger notes due Feb. 24, 2021 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 final level of the index is equal to or greater than 81.95% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan Securities LLC as 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: | $1,840,000
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Maturity: | Feb. 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the index is equal to or greater than 81.95% of the initial level, par plus the greater of the index return and zero; otherwise, par plus the index return with full exposure to any losses
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Initial index level: | 2,847.11
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Trigger buffer: | 81.95% of initial level
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Pricing date: | Aug. 23
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Settlement date: | Aug. 28
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 1.35%
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Cusip: | 40056X5A0
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