By Taylor Fox
New York, March 18 – GS Finance Corp. priced $1.05 million of 0% leveraged ETF-linked notes due March 10, 2025 tied to the Invesco Solar exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes above its initial value, the payout at maturity will be par plus 4 times the ETF return, capped at par plus 100%.
If the ETF finishes flat or falls by up to 48%, the payout will be par. Otherwise, investors will be exposed to any ETF decline below the initial value.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlying ETF: | Invesco Solar ETF
|
| Amount: | $1,049,000
|
| Maturity: | March 10, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 4 times any ETF gain, capped at par plus 100%; par if ETF finishes flat or falls by up to 48%; otherwise, full exposure to any decline below the initial level
|
| Initial value: | $87.48
|
| Pricing date: | March 5
|
| Settlement date: | March 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.15%
|
| Cusip: | 40057FJA3
|
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