GS Finance plans underlier-linked notes on Russell, Invesco QQQ Trust

By Devika Patel

Knoxville, Tenn., June 22 – GS Finance Corp. plans to price 0% underlier-linked notes due Dec. 30, 2021 linked to the lesser-performing of the Russell 2000 index and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of the worse performing underlier is positive, the payout at maturity will be par plus 5 times the index return, subject to a maximum payout of $1,350 per $1,000 of notes.

If the return of the worse performing is negative but greater than or equal to negative 30%, the payout at maturity will be par plus the absolute value of the return.

If either underlier falls by more than 30%, investors will lose 1% for every 1% decline of the lesser performing underlier.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QHC9) will price on June 25 and settle on June 28.

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