By Wendy Van Sickle
Columbus, Ohio, May 15 – GS Finance Corp. priced $1 million of 0% leveraged index-linked notes due May 14, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 3 times the index return, up to par plus 42.5%.
If the index falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1 million
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Maturity: | May 14, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 3 times the index return, up to par plus 42.5%; if index falls by up to 25%, par; otherwise, full exposure to loss
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Initial index level: | 4,306.76
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Pricing date: | May 10
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Settlement date: | May 15
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.75%
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Cusip: | 40057RTT5
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