By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – GS Finance Corp. priced $420,000 of 0% ETF-linked notes due Aug. 29, 2025 tied to the VanEck Vectors Gold Miners ETF and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 1.3 times return of lesser-performing index.
If either ETF falls by up to 15%, the payout will be par.
If either ETF falls by more than 15%, investors will be exposed to the lesser performing ETF’s decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | ETF-linked notes
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| Underlying ETFs: | VanEck Vectors Gold Miners ETF and SPDR Gold Trust
|
| Amount: | $420,000
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| Maturity: | Aug. 29, 2025
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If each ETF finishes at or above its initial level, par plus 1.3 times return of lesser-performing index; if either ETF falls by up to 15%, par; if either ETF falls by more than 15%, investors will be exposed to the lesser performing ETF’s decline beyond 15%
|
| Initial levels: | $41.60 for VanEck, $183.36 for SPDR
|
| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.8%
|
| Cusip: | 40057CKC4
|
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