By William Gullotti
Buffalo, N.Y., Oct. 5 – GS Finance Corp. priced $6.5 million of 0% enhanced trigger jump securities due Oct. 2, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes at or above its 90% downside threshold, the payout at maturity will be par plus the greater of the ETF return and the 45% upside payment.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Enhanced trigger jump securities
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| Underlying fund: | Energy Select Sector SPDR Fund
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| Amount: | $6.5 million
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| Maturity: | Oct. 2, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the ETF finishes at or above its 90% downside threshold, par plus greater of ETF return and 45% upside payment; otherwise, investors will be fully exposed to the decline of the ETF from its initial level
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| Initial level: | $72.60
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| Downside thresholds: | $65.34; 90% of initial levels
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 3
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 36264Q701
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