By Wendy Van Sickle
Columbus, Ohio, Aug. 20 – GS Finance Corp. priced $4.6 million of 0% buffered Performance Leveraged Upside Securities due Aug. 20, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing 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 200% of the index return, subject to the maximum payment at maturity of $12.74 per PLUS.
Investors will receive par if the index declines by up to 20% and will lose 1% for each 1% decline in the index beyond 20%.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management 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: | $4,597,000
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Maturity: | Aug. 20, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is positive, par plus 200% of the index return, subject to the maximum payment at maturity of $12.74 per PLUS; par if the index declines by up to 20%; 1% loss for each 1% decline beyond 20%
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Initial index level: | 3,359.08
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Pricing date: | Aug. 15
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Settlement date: | Aug. 20
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Underwriter: | Goldman Sachs & Co.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.675%
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Cusip: | 36255U596
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