By Wendy Van Sickle
Columbus, Ohio, Oct. 10 – GS Finance Corp. priced $17.35 million of 0% trigger jump securities due Oct. 2, 2026 linked to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 80%.
If the stock falls but not below 65% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to stock decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger jump securities
|
| Underlying stock: | Nvidia Corp.
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| Amount: | $17,351,000
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| Maturity: | Oct. 2, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above initial level, par plus 80%; if the stock falls by up to 35%, par; otherwise, full exposure to decline from initial level
|
| Initial level: | $434.99
|
| Downside threshold level: | $282.7435; 65% of initial level
|
| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
|
| Agent: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 40057WDH7
|
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