By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – GS Finance Corp. priced $15.6 million of 0% enhanced trigger jump securities due Sept. 6, 2024 linked to the Invesco S&P 500 Equal Weight ETF, 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 initial level, the payout at maturity will be par plus the greater of the ETF gain and 41.35%.
If the ETF falls by up to 20%, the payout will be par.
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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Enhanced trigger jump securities
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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| Amount: | $15.6 million
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| Maturity: | Sept. 6, 2024
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the ETF finishes at or above its initial level, par plus greater of ETF gain and 41.35%, if ETF falls but not below downside threshold, par; otherwise, investors will be fully exposed to the decline of the ETF from its initial level
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| Initial level: | $149.92
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| Downside threshold: | $119.936; 80% of initial level
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 40057W5V5
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