By Taylor Fox
New York, March 26 – GS Finance Corp. priced $319,000 of 0% buffered digital ETF-linked notes due March 17, 2026 tied to the Invesco Solar ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund’s final share price is greater than or equal to its initial share price, the payout at maturity will be $1,750 per $1,000 principal amount of notes.
If the fund falls by up to 25%, the payout will be par.
Investors will lose 1% for each 1% that the fund decline beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital ETF-linked notes
|
| Underlying fund: | Invesco Solar ETF
|
| Amount: | $319,000
|
| Maturity: | March 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund’s final share price is greater than or equal to initial share price, par plus 75%; if fund falls by up to 25%, par; 1% loss for each 1% that fund declines beyond 25%
|
| Initial fund level: | $97.30
|
| Buffer level: | 75% of initial level
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.45%
|
| Cusip: | 40057FNC4
|
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