GS Finance to price buffered PLUS tied to S&P 500 index

By Sarah Lizee

Olympia, Wash., July 16 – GS Finance Corp. plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 3, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a cap of par plus 20%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes will price on July 17.

The Cusip number is 36259J555.

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