By Wendy Van Sickle
Columbus, Ohio, Dec. 16 – GS Finance Corp. priced $500,000 of 0% ETF-linked notes due Dec. 9, 2025 linked to the lesser performing of the iShares Silver Trust 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 value, the payout at maturity will be par plus 1.42 times the return of the lesser performing ETF.
If either ETF falls but neither falls by more than 30%, the payout will be par.
Otherwise, investors will be exposed to the decline of the lesser performing ETF.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | ETF-linked notes
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Underlying funds: | iShares Silver Trust and SPDR Gold Trust
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Amount: | $500,000
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Maturity: | Dec. 9, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If both funds finish at or above initial values, par plus 1.42 times return of lesser performing fund; if lesser performing fund falls by up to 30%, par; otherwise, exposure to decline in worse performer
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Initial values: | $22.48 for silver ETF and $172.32 for gold ETF
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Pricing date: | Dec. 4
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Settlement date: | Dec. 9
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.35%
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Cusip: | 40057ESW8
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