By William Gullotti
Buffalo, N.Y., Aug. 15 – GS Finance Corp. priced $1.3 million of 0% index-linked notes due Aug. 13, 2025 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 gains more than 30%, par plus 13.3%.
If the index finishes flat or gains up to 30%, par plus the index return.
Otherwise, investors will receive par.
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: | $1.3 million
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Maturity: | Aug. 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains by more than 30%, par plus 13.3%; if index finishes positive or gains up to 30%, par plus the return; otherwise, par
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Initial level: | 4,210.24
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Pricing date: | Aug. 10
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Settlement date: | Aug. 17
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.25%
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Cusip: | 40057MUE7
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