By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – GS Finance Corp. priced $1 million of 0% digital index-linked notes due March 11, 2024 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 finishes at or above its threshold level, 80% of initial level, the payout at maturity will be par plus 12.5%.
Otherwise, investors will lose 1.25% for every 1% that the index declines below 20%.
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: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1 million
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Maturity: | March 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 12.5%; otherwise, 1.25% loss for every 1% of index decline beyond 20%
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Initial index level: | 3,979.87
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Threshold level: | 80% of initial level
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Pricing date: | Sept. 7
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Settlement date: | Sept. 14
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.13%
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Cusip: | 40057N4G9
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