By Sarah Lizee
Olympia, Wash., March 28 – GS Finance Corp. priced $3.77 million of 0% buffered index-linked notes due March 29, 2024 tied 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.
Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.
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 index-linked notes
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Underlying index: | S&P 500
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Amount: | $3,765,000
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Maturity: | March 29, 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; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
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Initial index level: | 2,818.46
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Pricing date: | March 26
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Settlement date: | March 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.27%
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Cusip: | 40056EY36
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