By William Gullotti
Buffalo, N.Y., March 15 – GS Finance Corp. priced $3.19 million of 0% index-linked notes due March 14, 2024 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index return.
If the index falls by up to 19.05%, the payout will be par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
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 index: | S&P 500 index
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Amount: | $3.19 million
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Maturity: | March 14, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus index return; if the index falls but the final underlier level is greater than or equal to the 80.95% trigger buffer level, par; if the index falls by more than 19.05%, investors will be fully exposed to the index’s decline from its initial level
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Initial level: | 4,170.7
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Trigger buffer level: | 80.95% of initial levels
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Strike date: | March 8
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Pricing date: | March 10
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Settlement date: | March 15
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057LHZ7
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