By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – GS Finance Corp. priced $508,000 of 0% autocallable ETF-linked notes due Oct. 2, 2025 tied to the VanEck Vectors Gold Miners ETF and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 8.9% per year if each ETF closes at or above its initial level on any annual call date.
If each ETF finishes at or above its initial level, the payout will be $1,445 per $1,000 of notes.
If either ETF falls by up to 20%, the payout will be par.
If either ETF falls by more than 20%, investors will be exposed to the lesser performing ETF’s decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable ETF-linked notes
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| Underlying ETFs: | VanEck Vectors Gold Miners ETF and SPDR Gold Trust
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| Amount: | $508,000
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| Maturity: | Oct. 2, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF finishes at or above its initial level, $1,445 per $1,000 of notes; if either ETF falls by up to 20%, par; if either ETF falls by more than 20%, investors will be exposed to the lesser performing ETF’s decline beyond 20%
|
| Call: | At par plus 8.9% per year if each ETF closes at or above its initial level on any annual call date
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| Initial levels: | $174.94 for gold, $21.30 for silver
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.35%
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| Cusip: | 40057CWR8
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