By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $221,000 of 0% leveraged buffered notes due June 28, 2023 tied to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes above its initial level, the payout at maturity will be par plus 2 times the gain, subject to a maximum payout of par plus 33%.
If the ETF finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1% for every 1% ETF decline beyond 15%.
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: | Leveraged buffered notes
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| Underlying ETF: | iShares Silver Trust
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| Amount: | $221,000
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| Maturity: | June 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 33%; par if ETF finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial value: | $23.80
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.075%
|
| Cusip: | 40057ESA6
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