Chicago, April 30 – GS Finance Corp. priced $5.23 million of 0% lookback buffered PLUS due July 31, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket is composed of the S&P 500 index with a 52% weight, the Topix index with a 20% weight, the Euro Stoxx 50 index with a 10% weight, the MSCI Emerging Markets index with a 10% weight and the Russell 2000 index with an 8% weight.
The initial index value of each index in the basket will be the lowest closing value of each component between Jan. 26 to Feb. 26.
At maturity, if the final basket level is higher than the initial value, investors will receiver par plus double the increase capped at 29%.
Investors will receive par if the basket declines but not more than 10%.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Lookback buffered PLUS
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| Underlying basket: | S&P 500 index (52% weight), Topix index (20% weight), Euro Stoxx 50 index (10% weight), MSCI Emerging Markets index (10% weight), Russell 2000 index (8% weight)
|
| Amount: | $5,225,000
|
| Maturity: | July 31, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is greater than zero, par plus two times basket return, capped at par plus 29%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
|
| Initial levels: | Lowest closing level for each component from Jan. 26 to Feb. 26
|
| Buffer level: | 90% of initial level
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
|
| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1%
|
| Cusip: | 40057XZ65
|
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