By Wendy Van Sickle
Columbus, Ohio, April 13 – GS Finance Corp. priced $46.94 million of 0% dual directional trigger PLUS due April 13, 2028 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 120% of the index gain.
If the index is flat or falls by up to 25%, the payout at maturity will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 Value index
|
| Amount: | $46,937,500
|
| Maturity: | April 13, 2028
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 120% of index gain; if index is flat or falls by up to 25%, par plus absolute value of index decline; otherwise, full exposure to index decline from initial level
|
| Initial level: | 1,548.81
|
| Trigger level: | 1,161.6075; 75% of initial level
|
| Pricing date: | April 8
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| Settlement date: | April 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 36264H529
|
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