By William Gullotti
Buffalo, N.Y., July 14 – GS Finance Corp. priced $5.1 million of 0% Performance Leveraged Upside Securities due July 12, 2024 linked to the American Depositary Shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above its initial level, the payout at maturity will be par plus three times the return, subject to a maximum return of par plus 72%.
Investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying stock: | Alibaba Group Holding Ltd.
|
| Amount: | $5,100,000
|
| Maturity: | July 12, 2024
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| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If the stock finishes at or above its initial level, par plus three times the return, subject to a maximum return of par plus 72%; full exposure to any losses
|
| Initial level: | $205.94
|
| Pricing date: | July 9
|
| Settlement date: | July 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.75%
|
| Cusip: | 36261B293
|
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