By William Gullotti
Buffalo, N.Y., July 10 – GS Finance Corp. priced $1.46 million of 0% digital index-linked notes due Aug. 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 index finishes at or above its threshold level, 92% of initial level, the payout at maturity will be par plus 8%.
If the index declines by more than 8% but finishes at or above its 75% barrier level, the payout at maturity will be par plus the absolute value of the index’s return.
Otherwise, investors will lose 1% for every 1% that the index declines 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: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1.46 million
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Maturity: | Aug. 5, 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 8%; if index declines by more than 8% but finishes at or above barrier level, par plus absolute value of index return; otherwise, 1% loss for every 1% of index decline from initial level
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Initial index level: | 4,450.38
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Threshold level: | 92% of initial level
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Barrier level: | 75% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.43%
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Cusip: | 40057TDB7
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