By William Gullotti
Buffalo, N.Y., Dec. 8 – GS Finance Corp. priced $1.03 million of 0% leveraged buffered ETF-linked notes due Dec. 4, 2025 tied 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 return is positive, investors will receive par plus 125% of the ETF gain, subject to a maximum payout of par plus 30.6%.
If the ETF return is flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged buffered ETF-linked notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $1,027,000
|
| Maturity: | Dec. 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of the ETF gain, capped at par plus 30.6%; if ETF return is flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
|
| Initial ETF level: | $454.61
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 40057X2F1
|
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