By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – GS Finance Corp. priced $885,000 of 0% buffered digital notes due Feb. 6, 2025 tied 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 ETF return is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the ETF return and 11.1%, up to a maximum payout of par plus 40%.
If the ETF falls by up to 30%, the payout will be par.
Investors will lose 1% for each 1% ETF decline beyond 30%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
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| Underlying trust: | Invesco QQQ Trust, series 1
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| Amount: | $885,000
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| Maturity: | Feb. 6, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is greater than or equal to initial level, par plus the greater of the ETF return and 11.1%, up to a maximum payout of par plus 40%; if ETF falls by up to 30%, par; 1% loss for every 1% ETF decline beyond 30%
|
| Initial level: | $222.38
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 6
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40056YF82
|
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