By Wendy Van Sickle
Columbus, Ohio, Aug. 29 – GS Finance Corp. priced $1.01 million of 0% index-linked notes due Aug. 30, 2024 linked to the lesser performing of the Dow Jones industrial average 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 final values of both indexes are equal to or greater than their initial values, the payout at maturity will be par plus 1.45 times the return of the lesser performing index.
If the worse performing index falls by up to 40%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the lesser performing index.
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: | Dow Jones industrial average, Russell 2000 index
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Amount: | $1,011,000
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Maturity: | Aug. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final values of both indexes are equal to or greater than their initial values, the payout at maturity will be par plus 1.45 times the return of the lesser performing index; if worse performing index falls by up to 40%, par; full exposure to decline of lesser performing index if it falls beyond 40%
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Initial levels: | 25,777.9 for Dow and 1,456.039 for Russell
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.475%
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Cusip: | 40056FYL3
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