By William Gullotti
Buffalo, N.Y., Dec. 22 – GS Finance Corp. priced $9.94 million of 0% digital commodity-linked notes due Feb. 21, 2025 linked to the performance of an ICE Brent Crude futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the commodity finishes at or above its 60% threshold level, the payout at maturity will be par plus 10.75%.
Otherwise, investors will lose 1% for every 1% that the commodity declines from initial level.
Goldman Sachs & Co. LLC is the agent, with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital commodity-linked notes
|
| Underlying commodity: | ICE Brent Crude futures contract
|
| Amount: | $9,941,500
|
| Maturity: | Feb. 21, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the commodity finishes at or above threshold level, par plus 10.75%; otherwise, 1% loss for every 1% of commodity decline from initial level
|
| Initial level: | $76.55
|
| Threshold level: | 60% of initial level
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 20
|
| Agent: | Goldman Sachs & Co. LLC, with UBS Financial Services Inc. as selling agent
|
| Fees: | 2%
|
| Cusip: | 36266M799
|
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