By Wendy Van Sickle
Columbus, Ohio, Aug. 23 – GS Finance Corp. priced $19.79 million of 0% trigger jump securities due Nov. 17, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filed 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 of $10 plus 45%.
If the stock falls by up to 20%, the payout will be par.
If the stock finishes below its 80% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $19,794,000
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| Maturity: | Nov. 17, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or finishes flat, par plus 45%; if stock falls by up to 20%, par; otherwise, 1% loss for each 1% decline
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| Initial stock level: | $717.17
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| Downside threshold: | $573.736, 80% of initial level
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| Pricing date: | Aug. 13
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| Settlement date: | Aug. 18
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 36261B657
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