By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – GS Finance Corp. priced $9.72 million of 0% dual directional trigger PLUS due March 5, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 29%.
Investors will receive a 1% gain for each 1% loss if the ETF declines but finishes at or above the 70% principal barrier. Otherwise, investors will lose 1% for every 1% decline of the ETF from initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger PLUS
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| Underlying ETF: | VanEck Gold Miners ETF
|
| Amount: | $9,718,090
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| Maturity: | March 5, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is positive, par plus 200% of ETF return, subject to a maximum return of par plus 29%; 1% gain for each 1% loss if ETF declines but ends at or above principal barrier; otherwise, full exposure to ETF decline from initial level
|
| Initial level: | $23.80
|
| Principal barrier: | $16.66, 70% of initial level
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36264Q289
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