By William Gullotti
Buffalo, N.Y., July 22 – GS Finance Corp. priced $13.38 million of 0% market-linked notes due Aug. 3, 2029 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index gain, subject to a maximum payout of par plus 125%.
If the index finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $13,379,340
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Maturity: | Aug. 3, 2029
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any index gain capped at 125%; par if index finishes flat or falls
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Initial index level: | 3,936.69
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Pricing date: | July 19
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Settlement date: | July 22
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 36263Q876
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