By Wendy Van Sickle
Columbus, Ohio, June 17 – GS Finance Corp. priced $1 million of 0% buffered digital index-linked notes due July 12, 2023 linked to the Nasdaq-100 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 at or above 80% of its initial level, the payout at maturity will be par plus 10.58%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $1 million
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Maturity: | July 12, 2023
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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 80% of its initial level, par plus 10.58%; otherwise, 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 11,832.82
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Buffer value: | 80% of initial level
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Pricing date: | June 13
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Settlement date: | June 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.82%
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Cusip: | 40057MEN5
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