Goldman Sachs notes tied to Strategy set to pay just 22 cents on the dollar at maturity
A GS Finance note tied to Strategy’s MSTR shares appears set to pay about $217.36 per $1,000 note at its July 29 maturity, implying a loss of roughly 78.3%. The note’s starting price was $421.74, and the barrier was 80% of that level, or $337.392. If MSTR had closed at or above the barrier, investors would have received $1,417 per note, including a contingent gain. Because the July 24 close was $91.67, far below both levels, the downside formula applies and the payoff equals the principal plus the stock’s percentage return from the starting price. GS Finance issued the note, with Goldman Sachs backing payment; Wells Fargo handled distribution. Goldman still has final calculation authority and may adjust timing or terms, so $217.36 is an evidence-based estimate.
