By Marisa Wong
Morgantown, W.Va., Jan. 28 – GS Finance Corp. priced $4.04 million of 0% digital notes due Jan. 25, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund finishes at or above 80% of its initial level, the payout at maturity will be the threshold settlement amount of $1,300 per $1,000 principal amount.
If the fund falls by more than 20%, investors will lose 1% for every 1% decline in the fund below the initial level.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital notes
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $4,035,000
|
| Maturity: | Jan. 25, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If fund finishes at or above 80% of its initial level, par plus 30%; otherwise, full exposure to losses
|
| Initial price: | $26.00
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 28
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 40056ETP3
|
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