By Wendy Van Sickle
Columbus, Ohio, April 15 – GS Finance Corp. priced $8.43 million of 0% buffered digital index-linked notes due July 10, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,103.50 per $1,000 principal amount of notes.
If the index return is below negative 10%, the payout will be par minus 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | $8,425,000
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Maturity: | July 10, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 10%, par plus 10.35%: otherwise, par minus 1% for every 1% that index declines beyond 10%
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Initial level: | 5,202.39
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Buffer level: | 90% of initial level
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Pricing date: | April 8
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Settlement date: | April 15
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.94%
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Cusip: | 40057YYN7
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