By Kiku Steinfeld
Chicago, Nov. 7 – GS Finance Corp. priced $376,000 of 0% leveraged ETF-linked notes due April 13, 2023 tied to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 5 times the ETF return, subject to a maximum payout of par plus 42%.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $376,000
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| Maturity: | April 13, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the ETF return is positive, par plus five times the ETF return, capped par plus at 42%; otherwise, investors will be fully exposed to the decline of the ETF from its initial level
|
| Initial ETF level: | $125.73
|
| Pricing date: | March 7
|
| Settlement date: | March 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.45%
|
| Cusip: | 40057LFD8
|
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