Chicago, Aug. 25 – GS Finance Corp. priced $1.01 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due April 24, 2023 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes positive, the payout at maturity will be par plus 1.5 times the return, capped at 27.55%.
If the fund declines but finishes above the 87.5% buffer level, investors will receive par.
Otherwise, will lose 1% for each 1% decline beyond the 12.5% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| 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 ETF: | ARK Innovation ETF
|
| Amount: | $1,006,000
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| Maturity: | April 24, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times return, capped at 27.55% if fund return is positive; par if fund declines but not beyond buffer level; otherwise, 1% loss for each 1% decline beyond buffer
|
| Initial level: | $75.75
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.125%
|
| Cusip: | 40057KN33
|
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