By Kiku Steinfeld
Chicago, Oct. 7 – GS Finance Corp. sold $531,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 19, 2024 linked to an ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the Technology Select Sector SPDR fund (33.34% weight), the Global X U.S. Infrastructure Development ETF (33.33% weight) and the Health Care Select Sector SPDR fund (33.33% weight).
The payout at maturity will be par plus 125% of any basket gain, subject to a 15% maximum gain.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | Technology Select Sector SPDR fund (33.34% weight), Global X U.S. Infrastructure Development ETF (33.33% weight) and Health Care Select Sector SPDR fund (33.33% weight)
|
| Amount: | $531,000
|
| Maturity: | Aug. 19, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, subject to 15% maximum gain; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond buffer
|
| Initial levels: | $158.91 for Technology, $26.81 for Global X, $130.37 for Health Care
|
| Buffer level: | 90% of initial level
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 18
|
| Agents: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
|
| Fees: | 2.95%
|
| Cusip: | 40057KU27
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