By William Gullotti
Buffalo, N.Y., July 6 – GS Finance Corp. priced $8 million of bearish leveraged ETF-linked notes due July 3, 2025 linked to the Invesco DB US Dollar Index Bullish Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or below its initial level, the payout at maturity will be 1.16 times the absolute value of the ETF return, subject to a maximum payout of par plus 116%
Otherwise, investors receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc
|
| Issue: | Bearish leveraged ETF-linked notes
|
| Underlying fund: | Invesco DB US Dollar Index Bullish Fund
|
| Amount: | $8 million
|
| Maturity: | July 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF finishes flat or declines, par plus 1.16 times the absolute value of the ETF return, up to maximum payout of par plus 116%; otherwise, par
|
| Initial level: | $28.38
|
| Strike date: | June 28
|
| Pricing date: | June 29
|
| Settlement date: | July 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 40057TE91
|
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