By Kiku Steinfeld
Chicago, Aug. 3 – GS Finance Corp. priced $3.45 million of 0% equity-linked notes due Aug. 19, 2022 linked to the least performing of the common stocks of Advanced Micro Devices, Inc., Broadcom Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If all stocks finish at or above their initial value, the payout at maturity will be par plus 2.14 times the least performing stock’s return.
If the worst performing stock finishes below its initial value but not lower than 90% of its initial value, the payout at maturity will be par.
If any stock falls by more than 10%, investors will be exposed to the decline of the least performing stock beyond 10%.
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: | Equity-linked notes
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| Underlying stocks: | Advanced Micro Devices, Inc., Broadcom Inc. and Nvidia Corp.
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| Amount: | $3.45 million
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| Maturity: | Aug. 19, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performer finishes at or above initial value, par plus 2.14 times the return of worst performer; if worst performer declines but finishes at or above 90% of initial value, par; otherwise exposure to losses of worst performer beyond 10%
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| Initial prices: | $85.89 for Advanced, $468.07 for Broadcom and $726.44 for Nvidia
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| Buffer levels: | 90% of initial levels
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| Pricing date: | July 16
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| Settlement date: | July 21
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.45%
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| Cusip: | 40057HWT3
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