By Kiku Steinfeld
Chicago, April 22 – GS Finance Corp. priced $500,000 of 0% underlier-linked notes due April 6, 2026 linked to the ARK Innovation ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is zero or positive, the payout at maturity will be par plus 1.8 times the return of the lesser performer.
If the return of each underlier is negative but greater than or equal to negative 25%, the payout will be par.
If either underlier falls by more than 25%, investors will be exposed to the decline of the lesser performer.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Underlier-linked notes
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Underlying assets: | ARK Innovation ETF and Nasdaq-100 index
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Amount: | $500,000
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Maturity: | April 6, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each underlier is zero or positive, par plus 1.8 times the return of the lesser performer; if the return of each underlier is negative but greater than or equal to negative 25%, par; if either underlier falls by more than 25%, investors will be exposed to the decline of the lesser performer
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Initial levels: | $120.85 for ETF, 13,329.51 for index
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Buffer levels: | 75% of initial levels
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Pricing date: | April 1
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Settlement date: | April 7
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40057FXW9
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