New Issue: GS Finance prices $2.15 million ETF-linked notes on Invesco QQQ

By William Gullotti

Buffalo, N.Y., Oct. 10 – GS Finance Corp. priced $2.15 million of 0% ETF-linked notes due Dec. 4, 2024 tied to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the ETF return is zero or positive, the payout at maturity will par plus 200% of the return up to a maximum payout of par plus 15.5%.

If the ETF falls by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to the ETF decline from its initial value.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	ETF-linked notes
Underlying ETF:	Invesco QQQ Trust, Series 1
Amount:	$2,147,000
Maturity:	Dec. 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return is flat or positive, par plus 200% of ETF return with a maximum payout of par plus 15.5%; if ETF falls by up to 20%, par; otherwise, full exposure to losses
Initial value:	$358.27
Barrier level:	80% of initial level
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agent:	Goldman, Sachs & Co. LLC
Fees:	2%
Cusip:	40057WD87

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