By William Gullotti
Buffalo, N.Y., Dec. 5 – GS Finance Corp. priced $3.77 million of 0% buffered digital index-linked notes due Nov. 5, 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 final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 12.25%.
If the index falls by no more than 40%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 40%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3,767,000
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Maturity: | Nov. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal its initial level, par plus 12.25%; if the index falls by up to 40%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline beyond 40%
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Initial index level: | 3,871.98
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Buffer value: | 60% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.8%
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Cusip: | 40057NMF1
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