By William Gullotti
Buffalo, N.Y., Aug. 9 – GS Finance Corp. priced $1 million of 0% buffered index-linked notes due Oct. 30, 2024 based on the performance of 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 its initial level, the payout at maturity will be par plus 8.95%.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
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: | Buffered index-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $1 million
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Maturity: | Oct. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes flat or positive, par plus 8.95%; if index falls by up to 20%, par plus absolute value of index return; otherwise, 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 15,464.93
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Buffer level: | 80% of initial level
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Pricing date: | July 27
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Settlement date: | Aug. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.94%
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Cusip: | 40057TM50
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