Chicago, July 21 – GS Finance Corp. priced $3.04 million of 0% index-linked notes due Jan. 16, 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.
The payout at maturity will be based on whether the index stays within a range, 85% to 115% of its initial level.
If the index moves above or below that range during the life of the notes, the payout will be par plus 5%.
If the index stays within that range, the payout will be par plus 16.5%.
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: | $3,037,000
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Maturity: | Jan. 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 5% if index closes below 85% of initial level or above 115% of initial level during life of notes; otherwise, par plus 16.5%
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Initial level: | 4,510.04
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Upper trigger level: | 115% of initial level
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Lower trigger level: | 85% of initial level
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Pricing date: | July 13
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Settlement date: | July 18
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057TJK1
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