By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – GS Finance Corp. priced $1.16 million of 0% autocallable ETF-linked notes due Dec. 26, 2023 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 18% per year if each ETF closes at or above its initial level on any semiannual call date.
If each ETF finishes at or above its initial level, the payout will be $1,540 per $1,000 of notes.
If either ETF falls by up to 40%, the payout will be par.
If either ETF falls by more than 40%, investors will be fully exposed to the lesser performing ETF’s decline.
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: | $1,163,000
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| Maturity: | Dec. 26, 2023
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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, $1,540 per $1,000 of notes; if either ETF falls by up to 40%, par; if either ETF falls by more than 40%, investors will be fully exposed to the lesser performing ETF’s decline
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| Call: | At par plus 18% per year if each ETF closes at or above its initial level on any semiannual call date
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| Initial levels: | $36.03 for gold, $23.62 for silver
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| Barrier levels: | 60% of initial levels
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.83%
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| Cusip: | 40057EUB1
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