By Taylor Fox
New York, Feb. 8 – GS Finance Corp. priced $744,000 of 0% underlier-linked notes due Jan. 12, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Russell 2000 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 triple any gain of the lesser-performing underlier, capped at par plus 33%
If one or both underliers fall but both finish above 75% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier from its initial level.
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 the Russell 2000 index
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Amount: | $744,000
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Maturity: | Jan. 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple return of lesser-performing underlier, capped at par plus 33% if both underliers finish at or above initial levels; if lesser-performing underlier falls by up to 25%, par; otherwise, 1% loss for every 1% that lesser-performing underlier declines from its initial level
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Initial levels: | $73.52 for ETF, 3,571.59 for index
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Buffer levels: | 75% of initial levels
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Pricing date: | Jan. 8
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Settlement date: | Jan. 13
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.95%
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Cusip: | 40057EZY6
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