By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – GS Finance Corp. priced $3.55 million of 0% equity-linked notes due Sept. 11, 2025 linked to the performance of Alphabet Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the laggard stock finishes at or above its initial value, the payout at maturity will be par plus three times the laggard stock return, capped at par plus 50%.
If the laggard stock finishes below its initial value but not lower than 55% of its initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the laggard stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Equity-linked notes
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| Underlying stock: | Amazon.com, Inc. and Alphabet Inc.
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| Amount: | $3.55 million
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| Maturity: | Sept. 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If laggard stock finishes at or above initial value, par plus 3 times laggard stock return up to par plus 50%; if laggard stock declines but finishes at or above 55% of initial value, par; otherwise, lose 1% for every 1% decline of laggard stock
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| Initial price: | $137.85 for Amazon, $135.26 for Alphabet
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| Buffer level: | 55% of initial level
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 12
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.45%
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| Cusip: | 40057W6Q5
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