By William Gullotti
Buffalo, N.Y., June 21 – GS Finance Corp. priced $2.92 million of 0% market-linked securities – contingent fixed return and contingent downside due June 28, 2024 linked to Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above threshold level, 60% of initial level, the payout at maturity will be par plus 10.5%.
Otherwise, investors will be exposed to the stock’s decline from its initial level.
The securities 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 – contingent fixed return and contingent downside
|
| Underlying stock: | Meta Platforms, Inc.
|
| Amount: | $2,922,000
|
| Maturity: | June 28, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above threshold level, par plus 10.5%; otherwise, 1% loss for every 1% decline of stock from initial level
|
| Initial level: | $281.83
|
| Threshold level: | 60% of initial level
|
| Pricing date: | June 15
|
| Settlement date: | June 21
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.325%
|
| Cusip: | 40057T2X1
|
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