By Sarah Lizee
Olympia, Wash., Jan. 15 – GS Finance Corp. priced $1.43 million of 0% buffered notes due Jan. 17, 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 return is positive, the payout at maturity will be par plus the index return.
If the index falls by up to 35%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the buffer.
Goldman Sachs & Co. is the underwriter.
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: | $1,433,000
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Maturity: | Jan. 17, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the index return; if the index falls by up to 35%, par; otherwise, 1% loss for every 1% decline beyond the buffer
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Initial index level: | 2,596.26
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Pricing date: | Jan. 11
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Settlement date: | Jan. 16
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.15%
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Cusip: | 40056END6
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