By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – GS Finance Corp. priced $2.19 million of 0% leveraged buffered index-linked notes due Oct. 3, 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 1.05 times the index return.
If the index return is zero or negative but not less than negative 25%, the payout will be par.
Investors will lose 1% for every 1% decline in the index beyond 25%.
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: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $2.19 million
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Maturity: | Oct. 3, 2024
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.05 times the index return; if index falls by up to 25%, par; 1% loss for every 1% decline in the index beyond 25%
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Initial index level: | 2,976.74
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40056XBD7
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