Chicago, Feb. 1 – GS Finance Corp. priced $1.9 million of 0% autocallable ETF-linked notes due April 14, 2026 tied to the ARK Innovation ETF, the iShares MSCI Emerging Markets ETF and the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If all three ETFs closes at or above 90% of their initial levels on any quarterly call observation date after one year, the notes will be called at par plus an 16.35% annualized call premium.
If the notes are not called and the ETFs finish at or above 90% of their initial levels, the payout will be par plus the maturity date premium of 81.75%.
If the worst-performing ETF declines beyond 10% of but finishes at or above 60% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst-performing ETF from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable ETF-linked notes
|
| Underlying funds: | ARK Innovation ETF, iShares MSCI Emerging Markets ETF and VanEck Vectors Junior Gold Miners ETF
|
| Amount: | $1,903,000
|
| Maturity: | April 14, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each ETF finishes at or above 90% of its initial level, par plus 81.75%; if the worst-performing ETF declines beyond 10% but finishes above trigger buffer level, par; otherwise, 1% loss for every 1% decline of worst performer from initial level
|
| Call: | Automatically if each ETF closes at or above 90% of initial levels on any quarterly call observation date after one year, par plus 16.35% annualized call premium
|
| Initial levels: | $120.82 for ARK, $53.57 for EM, $47.19 for VanEck
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | April 7
|
| Settlement date: | April 12
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
|
| Cusip: | 40057FW34
|
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