By Wendy Van Sickle
Columbus, Ohio, April 1 – GS Finance Corp. priced $11.31 million of 0% digital notes due Sept. 29, 2022 linked to 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 index return is greater than or equal to negative 20%, the payout at maturity will be the maximum settlement amount of $1,062 per $1,000 of notes.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter. J.P. Morgan Securities LLC is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying index: | S&P 500 index
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Amount: | $11,313,000
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Maturity: | Sept. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 20%, par plus 6.2%; otherwise, 1.25% loss for every 1% index decline beyond 20%
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Initial level: | 3,974.54
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | J.P. Morgan Securities LLC
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Fees: | 1.35%
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Cusip: | 40057FN75
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