By Sarah Lizee
Olympia, Wash., June 5 – GS Finance Corp. priced $4 million of 0% dual directional buffered Performance Leveraged Upside Securities due June 11, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain, capped at $11.00 per $10.00 note.
If the index falls but not by more than 10%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be exposed to any decline in the index beyond the buffer.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional buffered Performance Leveraged Upside Securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $4,000,730
|
| Maturity: | June 11, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus 1.1 times the gain, capped at $11.00 per $10.00 note; if index falls by up to buffer, par plus absolute value of the return of the index; otherwise, exposure to any decline of index beyond buffer
|
| Initial level: | 25,383.11
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 36259J365
|
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