By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – GS Finance Corp. priced $1.46 million of 0% digital notes due Oct. 30, 2028 linked to the SPDR S&P 500 ETF trust, 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 its threshold level, 75% of initial level, the payout at maturity will be par plus the greater of the ETF return and 32.5%.
Otherwise, investors will lose 1% for every 1% that the ETF declines from its initial level.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital notes
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| Underlying ETF: | SPDR S&P 500 ETF trust
|
| Amount: | $1,459,000
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| Maturity: | Oct. 30, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If ETF finishes at or above threshold level, par plus the greater of the ETF return and 32.5%; otherwise, 1% loss for every 1% of ETF decline from initial level
|
| Initial ETF level: | $417.55
|
| Threshold level: | 75% of initial level
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 40057WKQ9
|
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