Chicago, Nov. 3 – GS Finance Corp. priced $2.57 million of 0% leveraged buffered ETF-linked notes due Oct. 30, 2025 tied to the iShares MSCI Mexico ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, investors will receive par plus 200% of the ETF’s gain, capped at par plus 30%.
If the ETF return is flat or falls by up to 10%, investors will receive par plus the absolute return. Investors will lose 1% for every 1% decline beyond 10%.
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: | Leveraged buffered ETF-linked notes
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Underlying ETF: | iShares MSCI Mexico ETF
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Amount: | $2,568,000
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Maturity: | Oct. 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of the ETF gain, capped at par plus 30%; if ETF return is flat or falls by up to 10%, par plus absolute return; otherwise, 1% loss for every 1% decline beyond 10%
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Initial ETF level: | $54.53
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Buffer level: | 90% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Nov. 1
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.8%
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Cusip: | 40057WPP6
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