By William Gullotti
Buffalo, N.Y., Nov. 1 – GS Finance Corp. priced $4.18 million of 0% absolute return trigger ETF-linked notes due Jan. 30, 2025 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the ETF’s closing level has increased or decreased from its initial level by more than 20% on any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 5%.
If a barrier event has not occurred, the payout at maturity will be the greater of par plus 5% and par plus the absolute value of the ETF return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return trigger ETF-linked notes
|
| Underlying fund: | Invesco QQQ Trust, Series 1
|
| Amount: | $4,184,000
|
| Maturity: | Jan. 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF closes above upper barrier or below lower barrier on any trading day during the life of the notes, par plus 5%; otherwise, the greater of par plus absolute value of ETF return and par plus 5%
|
| Initial level: | $343.66
|
| Upper barrier: | 120% of initial level
|
| Lower barrier: | 80% of initial level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057WT64
|
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