By Kiku Steinfeld
Chicago, July 25 – GS Finance Corp. sold $746,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 9, 2024 linked to an ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the Technology Select Sector SPDR fund (33.34% weight), the iShares Global Infrastructure ETF (33.33% weight) and the Health Care Select Sector SPDR fund (33.33% weight).
The payout at maturity will be par plus 125% of any basket gain, subject to a 10% maximum gain.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | Technology Select Sector SPDR fund (33.34% weight), iShares Global Infrastructure ETF (33.33% weight) and Health Care Select Sector SPDR fund (33.33% weight)
|
| Amount: | $746,000
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| Maturity: | July 9, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, subject to 10% maximum gain; par if the basket falls by up to 15%; 1% loss for every 1% decline beyond buffer
|
| Initial levels: | $174.72 for Technology, $47.47 for Global Infrastructure, $141.49 for Health Care
|
| Buffer levels: | 85% of initial levels
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| Pricing date: | Dec. 30, 2021
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| Settlement date: | Jan. 4, 2022
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| Agents: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
|
| Fees: | 2.97%
|
| Cusip: | 40057KKK8
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