By Marisa Wong
Morgantown, W.Va., July 27 – GS Finance Corp. priced $1.14 million of 0% buffered notes due July 29, 2021 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 return is positive, the payout at maturity will be par plus the index return.
If the index return is zero or negative but not below negative 25%, the payout will be par.
If the index return is less than negative 25%, investors will lose 1% for every 1% decline beyond 25%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $1,137,000
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Maturity: | July 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus gain; if index return is zero or negative but at least negative 25%, par; if index return is less than negative 25%, 1% loss for every 1% decline beyond 25%
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Initial level: | 2,168.48
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Pricing date: | July 25
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Settlement date: | July 28
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Agent: | Goldman, Sachs & Co.
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Fees: | 3.85%
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Cusip: | 40054KFA9
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