Goldman Sachs Notes Linked to MicroStrategy to Return ~22%

Goldman Sachs issued notes tied to MicroStrategy shares are scheduled to mature on July 29 and are indicated to return about $217.36 for each $1,000 note, based on MicroStrategy’s July 24 closing price. The firm that sold the notes retains the contractual right to postpone the calculation date or adjust the payout under specified conditions.

The notes use a starting price of $421.74 for MicroStrategy and set a barrier at 80% of that level, or $337.392. If the share closed at or above the barrier on the observation date, the payout per $1,000 note would have been $1,417, reflecting a 41.7% contingent gain. A close below the barrier moves the payout to a downside formula that pays based on MicroStrategy’s percentage return from the starting price.

Market data show MicroStrategy closed at $91.67 on July 24 after trading between $89.76 and $93.68 that day. Applying the downside formula in the pricing supplement — $1,000 multiplied by the closing price divided by the starting price — yields an indicated payment of $217.36 per $1,000 note. That calculation implies a principal loss of about 78.3% for each $1,000 note at maturity.

The issuance was made by GS Finance and is backed by The Goldman Sachs Group, Inc. Wells Fargo Securities handled distribution and Wells Fargo Advisors was listed as a potential resale channel. The pricing supplement records an original aggregate face amount of $660,000; the filing does not disclose how much principal, if any, remained outstanding at maturity.

Public filings and exchange halt logs reviewed did not show any CUSIP-specific postponements, corporate-action adjustments, or final payment notices for the notes as of the reviewed sources. The $217.36 figure is an indicated payment based on the filed terms and July 24 closing price; the final determination remains subject to Goldman Sachs’ contractual discretion.