By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – GS Finance Corp. priced $2.68 million of 0% leveraged equity-linked notes due Sept. 11, 2025 tied to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 300% of the stock return, subject to a maximum payout of par plus 65%.
If the stock finishes flat or declines by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the stock from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged equity-linked notes
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| Underlying stock: | Nvidia Corp.
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| Amount: | $2.68 million
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| Maturity: | Sept. 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock return is positive, par plus 300% of the stock return, capped par plus at 65%; if the stock is flat or declines by up to 50%, par; otherwise, investors will be fully exposed to the decline of the stock from its initial level
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| Initial level: | $462.41
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| Trigger level: | 50% of initial level
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 12
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057W2B2
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