New York, Nov. 20 – GS Finance Corp. priced $1.38 million of 0% dual directional trigger jump securities due Dec. 5, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the return and 56.25%.
If the index declines by no more than 20%, investors will receive par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. 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: | Dual directional trigger jump securities
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| Underlying index: | S&P 500 index
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| Amount: | $1,376,000
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| Maturity: | Dec. 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes flat or gains, par plus greater of index return and 56.25%; par plus absolute value of index return if index declines by no more than 20%; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 4,502.88
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| Upside payment: | 56.25%
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| Downside threshold: | 3,602.304, 80% of initial level
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 20
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.50%
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| Cusip: | 40057WVM6
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