By Kiku Steinfeld
Chicago, Oct. 17 – GS Finance Corp. priced $1 million of 0% leveraged notes due Feb. 21, 2025 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the ETF return is zero or positive, the payout at maturity will be par plus 130% of the ETF return.
If the ETF return is negative but not less than negative 30%, the payout will be par.
If the ETF return is less than negative 30%, investors will have one-to-one exposure to the ETF’s decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $1 million
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| Maturity: | Feb. 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 130% of any ETF gain; par if ETF falls by up to 30%; if ETF falls by more than 30%, one-to-one exposure to the ETF’s decline
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| Initial price: | $75.30
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| Barrier: | 70% of initial level
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| Pricing date: | Feb. 18, 2022
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| Settlement date: | Feb. 24, 2022
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.1%
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| Cusip: | 40057L7H8
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