By Sarah Lizee
Olympia, Wash., Jan. 9 – GS Finance Corp. priced $687,000 of 0% leveraged buffered index-linked notes due Jan. 3, 2025 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 closes above its initial level, the payout at maturity will be par plus 102.25% of the gain.
If the index finishes flat or falls by up to 25%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 25% of its initial level.
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
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Amount: | $687,000
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Maturity: | Jan. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes above initial level, par plus 102.25% of gain; if index finishes flat or falls by up to 25%, par; 1% loss for every 1% decline beyond 25%
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Initial index level: | 3,221.29
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Pricing date: | Dec. 30
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Settlement date: | Jan. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.03%
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Cusip: | 40056XSV9
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