By Sarah Lizee
Olympia, Wash., March 9 – GS Finance Corp. priced $2.56 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Sept. 5, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain in the ETF up to a maximum of par plus 28%.
If the ETF falls but not beyond 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $2,563,000
|
| Maturity: | Sept. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain ETF up to a maximum of par plus 28%; par if ETF falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial level: | $296.26
|
| Barrier level: | 90% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 4
|
| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 3.58%
|
| Cusip: | 40056YGH1
|
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