By William Gullotti
Buffalo, N.Y., Sept. 10 – GS Finance Corp. priced $53,000 of 0% leveraged buffered ETF-linked notes due March 28, 2024 tied to the Invesco S&P 500 High Beta ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, investors will receive par plus 1.5 times the ETF gain, capped at $1,200 per $1,000 principal amount of notes.
If the ETF return is flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged buffered ETF-linked notes
|
| Underlying ETF: | Invesco S&P 500 High Beta ETF
|
| Amount: | $53,000
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times the ETF gain, subject to a maximum payout of par plus 20%; if ETF return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
|
| Initial ETF level: | $76.58
|
| Buffer level: | 90% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.13%
|
| Cusip: | 40057HJ84
|
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