New Issue: GS Finance prices $17.1 million digital notes linked to QQQ

By Wendy Van Sickle

Columbus, Ohio, June 6 – GS Finance Corp. priced $17.1 million of 0% digital fund-linked notes due June 11, 2024 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund level is greater than or equal to 80% of the initial fund level, the payout at maturity will be par plus 8.86%. Otherwise, investors will lose 1.25% for every 1% that the fund declines beyond 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital fund-linked notes
Underlying fund:	Invesco QQQ Trust, series 1
Amount:	$17,095,000
Maturity:	June 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final fund level is greater than or equal to 80% of initial fund level, par plus 8.86%; otherwise, 1.25% loss for every 1% that fund declines beyond 20%
Initial levels:	$339.72
Pricing date:	May 25
Settlement date:	May 31
Underwriter:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1%
Cusip:	40057RPL6

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