By Sarah Lizee
Olympia, Wash., Feb. 25 – GS Finance Corp. priced $2.75 million of 0% buffered Performance Leveraged Upside Securities due Feb. 21, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 2.74 times index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2.75 million
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Maturity: | Feb. 21, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 2.74 times index return; par if index drops 15% or less; 1% loss for every 1% decline beyond 15%
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Initial level: | 3,836.54
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Buffer level: | 85% of initial level
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Pricing date: | Feb. 18
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Settlement date: | Feb. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.6%
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Cusip: | 36259H484
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