By Marisa Wong
Morgantown, W.Va., Sept. 17 – GS Finance Corp. priced $607,000 of 0% index-linked notes due Aug. 31, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 zero or positive, the payout at maturity will be par plus 1.27 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 50%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 50%, investors will be fully exposed to the decline of the worse performing index.
Goldman, Sachs & Co. 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: | S&P 500, Russell 2000
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Amount: | $607,000
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Maturity: | Aug. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.27 times return of the lesser performing index; if either index falls but the return of each index is at least negative 50%, par plus absolute value of return of lesser performing index; if either index falls by more than 50%, full exposure to the decline of the worse performing index
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Initial levels: | 2,897.52 for S&P and 1,728.422 for Russell
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.475%
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Cusip: | 40055QPP1
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