Chicago, Nov. 10 – GS Finance Corp. priced $1.5 million of 0% absolute return trigger notes due Nov. 17, 2025 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF stays at or above the lower barrier and at or below the upper barrier throughout the life of the notes, payout at maturity will be the greater pf par plus 9.05% and par plus the absolute value of the ETF return. The payout is capped at $1,200 per note.
The upper barrier is 120% of the initial level. The lower barrier is 80% of the initial level.
If the ETF is ever outside the barrier range, the payout will be par plus 9.05%.
Goldman Sachs Group, Inc. guarantees the notes.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return trigger notes
|
| Underlying ETF: | SPDR Gold Trust
|
| Amount: | $1,500,000
|
| Maturity: | Nov. 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF stays within barriers throughout life of notes, par plus greater of 9.05% or absolute value of ETF return, capped at 20%; otherwise, par plus 9.05%
|
| Initial level: | $182.59
|
| Lower barrier: | 80% of initial level
|
| Upper barrier: | 120% of initial level
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 10
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.7%
|
| Cusip: | 40057X4H5
|
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