By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. priced $17.35 million of 0% dual directional buffered participation securities due July 6, 2023 linked to the Nasdaq-100 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 at or above the initial level, the payout at maturity will par plus the return of the index up to a 13.65% cap.
If the index declines no farther than the 90% buffer level, the payout will be par plus the absolute value of the return.
If the index falls by more than 10%, investors will lose 1% for every 1% decline 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 participation securities
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $17,347,650
|
| Maturity: | July 6, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus the return of the index, capped at 13.65%; if the index falls up to the 10% buffer, par plus the absolute value of the return; otherwise, 1% loss for every 1% decline beyond the 10% buffer
|
| Initial level: | 14,838.49
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 36262Y870
|
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