New Issue: GS Finance prices $55,000 ETF-linked notes on iShares MSCI USA Quality

By William Gullotti

Buffalo, N.Y., Feb. 14 – GS Finance Corp. priced $55,000 of 0% ETF-linked notes due Jan. 29, 2027 tied to the iShares MSCI USA Quality Factor ETF, 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 zero or positive, the payout at maturity will par plus the return, capped at par plus 20.1%.

Otherwise, investors will receive par.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	ETF-linked notes
Underlying ETF:	iShares MSCI USA Quality Factor ETF
Amount:	$55,000
Maturity:	Jan. 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return is flat or positive, par plus ETF return with a maximum payout of par plus 20.1%; otherwise, par
Initial value:	$151.35
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Goldman, Sachs & Co. LLC
Fees:	3.05%
Cusip:	40057XQQ1

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