By William Gullotti
Buffalo, N.Y., Aug. 14 – GS Finance Corp. priced $1.16 million of 0% digital ETF-linked notes due Sept. 30, 2024 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes at or above initial level, the payout at maturity will be $1,103 per $1,000 principal amount of notes.
If the ETF declines by up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the ETF declines from initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital ETF-linked notes
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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| Amount: | $1.16 million
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| Maturity: | Sept. 30, 2024
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the ETF finishes at or above initial level, $1,103 per $1,000 principal amount of notes; if ETF declines by up to 15%, par; otherwise, 1% loss for every 1% of ETF decline from initial level
|
| Initial ETF level: | $151.86
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| Buffer level: | 85% of initial level
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| Pricing date: | Aug. 8
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| Settlement date: | Aug. 11
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2%
|
| Cusip: | 40057TSD7
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