By Kiku Steinfeld
Chicago, Oct. 21 – GS Finance Corp. priced $839,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 23, 2023, linked to the ARK Innovation ETF, 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 150% of any gain in the fund, capped at par plus 18%.
If the fund falls by up to 12.5%, the payout will be par.
Investors will be fully exposed to any decline in the fund beyond 12.5%.
Goldman Sachs & Co. LLC is the underwriter with Wells Fargo Securities, LLC acting as the agent for distribution.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying fund: | ARK Innovation ETF
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| Amount: | $839,000
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| Maturity: | Jan. 23, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at par plus 18%; par if fund falls by up to 12.5%; full exposure to losses beyond 12.5%
|
| Initial level: | $117.05
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Oct. 18, 2021
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| Settlement date: | Oct. 21, 2021
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| Underwriter: | Goldman Sachs & Co. LLC with Wells Fargo Securities, LLC handling distribution
|
| Fees: | 2.125%
|
| Cusip: | 40057JPY6
|
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