By William Gullotti
Buffalo, N.Y., Nov. 27 – GS Finance Corp. priced $1.47 million of 0% leveraged equity-linked notes due Jan. 23, 2025 tied to the stock performance of Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 300% of the stock return, subject to a maximum payout of par plus 21%.
Otherwise, investors will be fully exposed to the decline of the stock from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged equity-linked notes
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Underlying stock: | Visa Inc.
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Amount: | $1,468,000
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Maturity: | Jan. 23, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the stock return is positive, par plus 300% of the stock return, capped par plus at 21%; otherwise, investors will be fully exposed to the decline of the stock from its initial level
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Initial level: | $249.56
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Pricing date: | Nov. 17
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Settlement date: | Nov. 22
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.25%
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Cusip: | 40057X7K5
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