By Jennifer Chiou
New York, Feb. 27 – Goldman Sachs Group, Inc. priced $1 million of notes due Feb. 28, 2025 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The index measures the extent to which the performance of up to 14 exchange-traded funds and a money market position outperform the sum of Libor plus a daily index fee of 50 basis points per year. As a result of monthly rebalancing, the index may include as few as four underlying assets and may never include some of the assets or asset classes. The selected underlying assets must outperform Libor plus 50 bps for the index level to increase.
The payout at maturity will be par plus 3.75 times any gain in the index.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER
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Amount: | $1 million
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Maturity: | Feb. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 375% of any index gain, floor of par
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Initial index level: | 113.22
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Pricing date: | Feb. 25
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Settlement date: | Feb. 27
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Underwriter: | Goldman Sachs & Co.
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Fees: | 5.15%
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Cusip: | 38147QV86
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