By William Gullotti
Buffalo, N.Y., Feb. 7 – GS Finance Corp. priced $4.64 million of 0% digital ETF-linked notes due Jan. 29, 2029 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 75% of initial level, the payout at maturity will be the greater of par plus 25.6% and par plus the return of the ETF.
Otherwise, investors will lose 1% for every 1% that the ETF declines from initial level.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| 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: | SPDR S&P 500 ETF Trust
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| Amount: | $4,642,000
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| Maturity: | Jan. 29, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the ETF finishes at or above barrier level, the greater of par plus 25.6% and par plus the return of the ETF; otherwise, 1% loss for every 1% of ETF decline from initial level
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| Initial ETF level: | $485.39
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| Barrier level: | 75% of initial level
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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| Fees: | 3%
|
| Cusip: | 40057XT88
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