Chicago, March 4 – GS Finance Corp. priced $3.5 million of 0% digital commodity-linked notes due April 14, 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 65% threshold level, the payout at maturity will be par plus 13.85%.
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
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| Underlying commodity: | ICE Brent Crude futures contract
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| Amount: | $3,500,000
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| Maturity: | April 14, 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 13.85%; otherwise, 1% loss for every 1% of commodity decline from initial level
|
| Initial level: | $77.33
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| Threshold level: | 65% of initial level
|
| Pricing date: | Feb. 6
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| Settlement date: | Feb. 7
|
| Agent: | Goldman Sachs & Co. LLC, with UBS Financial Services Inc. as selling agent
|
| Fees: | 1%
|
| Cusip: | 36267H427
|
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