By Kiku Steinfeld
Chicago, Dec. 29 – GS Finance Corp. priced $1.51 million of 0% index-linked notes due Aug. 27, 2027 tied to the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is greater than or equal to 80% of its initial level, the payout at maturity will be the greater of par plus 41.5% and the return of the least performing index.
If the least performing index falls by up to 20%, investors will be fully exposed to the losses of the worst performing index from 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: | Index-linked notes
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Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600
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Amount: | $1.51 million
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Maturity: | Aug. 27, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its trigger buffer level, greater of par plus 41.5% and return of least performing index; otherwise, exposure to decline of lesser performer
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Initial index levels: | 4,147.50 for Stoxx 50, 468.80 for Stoxx Europe
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Trigger buffer levels: | 80% of initial levels
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Pricing date: | Aug. 20
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Settlement date: | Aug. 27
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40057J6V3
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