By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – GS Finance Corp. priced $1 million of 0% index-linked notes due Dec. 2, 2021 tied to the Russell 2000 index and 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 each index finishes at or its initial level, the payout at maturity will be par plus the return of the worst performing index, subject to a maximum payout of par plus 10%.
If the lesser performing index falls by up to 40%, the payout will be par.
If either index falls by more than 40%, investors will lose 1% for every 1% decline of the lesser performing index beyond 40%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $1 million
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Maturity: | Dec. 2, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus return of worst performer, up to par plus 10%; par if lesser performing index falls by up to 40%; 1% loss for every 1% decline of the lesser performing index beyond 40%
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Initial levels: | 1,634.104 for Russell, 3,153.63 for S&P
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Pricing date: | Nov. 26
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Settlement date: | Dec. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.45%
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Cusip: | 40056XQ74
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