By William Gullotti
Buffalo, N.Y., Nov. 15 – GS Finance Corp. priced $1.31 million of 0% market-linked securities – leveraged upside participation with contingent absolute return and contingent downside due May 13, 2027 tied to the stock performance of Exxon Mobil Corp., Chevron Corp. and Shell plc, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.35 times the gain of the least performing stock.
If the worst performer falls by up to 50%, the payout will be par plus the absolute value of the return of that stock.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – leveraged upside participation with contingent absolute return and contingent downside
|
| Underlying stocks: | Exxon Mobil Corp., Chevron Corp., Shell plc
|
| Amount: | $1,305,000
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| Maturity: | May 13, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.35 times the gain of the least performing stock; if the worst performer falls by up to 50%, par plus absolute value of that stock’s return; otherwise, full exposure to decline of worst performer from its initial level
|
| Initial levels: | $103.75 for Exxon Mobil, $142.95 for Chevron, $65.60 for Shell
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| Threshold levels: | 50% of initial levels
|
| Pricing date: | Nov. 10
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| Settlement date: | Nov. 15
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.825%
|
| Cusip: | 40057WZX8
|
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