By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – GS Finance Corp. priced $1.43 million of 0% buffered 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 ETF return, up to a maximum payout of par plus 60.34%.
If the ETF falls by up to 20%, the payout will be par.
Investors will lose 1% for each 1% ETF decline beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered notes
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| Underlying trust: | Invesco QQQ Trust, series 1
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| Amount: | $1.43 million
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| Maturity: | Feb. 6, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If ETF return is greater than or equal to initial level, par plus the ETF return up to a maximum payout of par plus 60.34%; if ETF falls by up to 20%, par; 1% loss for every 1% ETF decline beyond 20%
|
| Initial level: | $222.38
|
| Pricing date: | Feb. 3
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| Settlement date: | Feb. 6
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40056YF90
|
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