By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $1.2 million of 0% ETF-linked notes due April 15, 2025 tied to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A barrier event will occur if the ETF closes at or above its upper barrier, 118% of its initial value, on any trading day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 4%.
If a barrier event has not occurred and the ETF finishes flat or positive, the payout at maturity will be par plus the return. Otherwise, investors will receive par.
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 ETF: | SPDR Gold Trust
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| Amount: | $1.2 million
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| Maturity: | April 15, 2025
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If a barrier event occurs, par plus 4%; if a barrier event has not occurred and the ETF finishes positive, par plus the return; otherwise, par
|
| Initial value: | $216.48
|
| Upper barrier: | 118% of initial value
|
| Pricing date: | April 8
|
| Settlement date: | April 11
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 40057YY98
|
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