New Issue: GS Finance sells $2.54 million leveraged buffered notes on Invesco QQQ

By Sarah Lizee

Olympia, Wash., Oct. 2 – GS Finance Corp. priced $2.54 million of 0% leveraged buffered notes due Sept. 30, 2021 tied to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs Group, Inc. is the guarantor.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum payment of $1,348 per $1,000 principal amount. Investors will receive par if the ETF falls by up to 20% and lose 1.25% for every 1% decline in the ETF beyond 20%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying ETF:	Invesco QQQ Trust, Series 1
Amount:	$2,543,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of ETF return, subject to maximum payment of $1,348 per $1,000 principal amount; par if ETF falls by up to 20%; 1.25% loss for every 1% decline in ETF beyond 20%
Initial price:	$185.83
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Underwriter:	Goldman Sachs & Co.
Fees:	0.575%
Cusip:	40055QZD7

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