New Issue: GS Finance prices $1.83 million buffered digital ETF-linked notes tied to QQQ

By William Gullotti

Buffalo, N.Y., Nov. 1 – GS Finance Corp. priced $1.83 million of 0% buffered digital ETF-linked notes due Oct. 31, 2028 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final level of the ETF is greater than or equal to its final buffer value, 85% of its initial level, the payout at maturity will be the greater of par plus 36% and par plus the return of the ETF, capped at par plus 60%.

Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 15%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital ETF-linked notes
Underlying fund:	Invesco QQQ Trust, Series 1
Amount:	$1,828,000
Maturity:	Oct. 31, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the final ETF level is greater or equal to 85% of its initial level, the greater of par plus 36% and par plus ETF return, capped at par plus 60%; if the ETF falls by more than 15%, 1% loss for every 1% decline beyond 15%
Initial ETF level:	$343.66
Buffer value:	85% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.55%
Cusip:	40057WH59

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