By Angela McDaniels
Tacoma, Wash., Dec. 20 – GS Finance Corp. priced $13.92 million of 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 22, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 125.1% of the index return.
If the index finishes at or below the initial level but at or above the trigger level, the payout will be par plus the absolute value of the index return. The trigger level is 75% of the initial level.
If the index finishes below the trigger level, investors will be fully exposed to the index’s decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $13,919,500
|
| Maturity: | Dec. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 125.1% of index return; if index finishes at or below initial level but at or above trigger level, par plus absolute value of index return; if index finishes below trigger level, full exposure to decline
|
| Initial level: | 3,739.00
|
| Trigger level: | 2,804.25, or 75% of initial levels
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.175%
|
| Cusip: | 36259E697
|
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