By Sarah Lizee
Olympia, Wash., July 10 – GS Finance Corp. priced $2.13 million of 0% dual directional trigger jump securities due Jan. 4, 2023 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 finishes at or above its initial level, the payout at maturity will be par plus 15.75%.
If the final index level is less than the initial index level but the index finishes at or above the trigger level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index finishes below the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,126,000
|
| Maturity: | Jan. 4, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above initial level, par plus 15.75%; if index falls but finishes at or above trigger level, par plus absolute value of index return; if index finishes below trigger level, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 3,234.07
|
| Trigger level: | 2,587.256, or 80% of initial level
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.175%
|
| Cusip: | 36259J530
|
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