By Taylor Fox
New York, March 26 – GS Finance Corp. priced $2.29 million of 0% underlier-linked notes due March 17, 2026 linked to the Nasdaq-100 index and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 182% the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | Nasdaq-100 index and ARK Innovation ETF
|
| Amount: | $2,289,000
|
| Maturity: | March 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 182% of any gain in lesser-performing asset; par if either index falls but neither falls by more than 15%; 1% loss for every 1% decline in lesser-performing asset beyond 15%
|
| Initial values: | $126.68 for ETF and 12,937.29 for index
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.51%
|
| Cusip: | 40057FR97
|
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