By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – GS Finance Corp. priced $2.5 million of 0% gears due June 19, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index’s return is positive, the payout at maturity will be par of $10 plus 190% of the index’s return. If the index’s return is negative, investors will be exposed to the decline.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as the selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Gears
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Underlying index: | Euro Stoxx 50
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Amount: | $2.5 million
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Maturity: | June 19, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index’s return is positive, par plus 190% of index’s return; full exposure to any index decline
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Initial level: | 4,132.67
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Pricing date: | June 14
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Settlement date: | June 17
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 0%
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Cusip: | 36260Y591
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