By Cady Vishniac
Detroit, Dec. 29 – GS Finance Corp. priced $6.44 million of 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 3, 2024 linked to the S&P 500 index, 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 the initial level, the payout at maturity will be par of $10 plus 200% of the index gain, up to a maximum payout of $12.33 per $10 principal amount.
If the index is flat or falls by up to 15%, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below the 85% trigger level, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $6,436,650
|
| Maturity: | Jan. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 200% of index gain, up to maximum payout of $12.33 per note; if index is flat or falls by up to 15%, par plus absolute value of index decline; if index finishes below trigger level, investors will be fully exposed to losses
|
| Initial level: | 3,701.17
|
| Trigger level: | 3,145.9945, 85% of initial level
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.25%
|
| Cusip: | 36259Q633
|
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