By William Gullotti
Buffalo, N.Y., Aug. 27 – GS Finance Corp. priced $2.45 million of 0% underlier-linked notes due Aug. 27, 2026 linked to the S&P 500 index and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.328 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | S&P 500 index, Invesco QQQ Trust, Series 1
|
| Amount: | $2,449,000
|
| Maturity: | Aug. 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.328 times any gain in lesser-performing underlier; par if either underlier falls but neither falls by more than 20%; 1% loss for every 1% decline in lesser-performing underlier from initial level
|
| Initial values: | $373.23 for ETF, 4,479.53 for index
|
| Barrier level: | 80% of initial levels
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.996%
|
| Cusip: | 40057J5P7
|
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