By William Gullotti
Buffalo, N.Y., Dec. 8 – GS Finance Corp. priced $722,000 of 0% buffered fund-linked notes due June 6, 2024 based on the performance of the Industrial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any ETF gain, up to the maximum settlement amount of par plus 24%.
If the ETF falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered ETF-linked notes
|
| Underlying fund: | Industrial Select Sector SPDR Fund
|
| Amount: | $722,000
|
| Maturity: | June 6, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any ETF gain, capped at 24%; if ETF falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
|
| Initial ETF level: | $99.37
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 6
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057KCG6
|
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