By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – GS Finance Corp. priced $548,000 of 0% underlier-linked notes due Dec. 19, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of both underliers is zero or positive, the payout at maturity will be par plus 2.55 times any gain of the lesser-performing underlier.
If one or both underliers fall but both finish above 70% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Underlier-linked notes
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Underlying assets: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
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Amount: | $548,000
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Maturity: | Dec. 19, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.55 times return of lesser-performing underlier if both underliers finish at or above initial levels; if lesser-performing underlier falls by up to 30%, par; otherwise, 1% loss for every 1% that lesser-performing underlier declines
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Initial levels: | $50.72 for ETF, 3,543.00 for index
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.42%
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Cusip: | 40057EUJ4
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