Chicago, June 15 – GS Finance Corp. priced $878,000 of 0% index-linked notes due June 5, 2025 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the indexes finish positive, the payout at maturity will be par plus the return of the lesser performing index.
Investors will receive par plus the absolute value of the lesser performing index return if at least one index finishes below its initial level but both finish above 75% of their initial levels.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Russell 2000 index, S&P 500 index
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Amount: | $878,000
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Maturity: | June 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus return of worst performer if both indexes finish positive; par plus absolute return of lesser performer if at least one index closes below initial level but both indexes finish above barrier; otherwise, full exposure to losses of worst performer
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Initial levels: | 1,749.65 for Russell, 4,179.83 for S&P
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Trigger buffer levels: | 75% of initial levels
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.8%
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Cusip: | 40057RNU8
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