By Taylor Fox
Chicago, July 23 – GS Finance Corp. priced $1.3 million of 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 ETF return is positive, the payout at maturity will be par of $10 plus 200% times the return, capped at $11.725 per PLUS.
Investors will receive par if the ETF 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.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying ETF: | S&P 500 Index
|
| Amount: | $1,308,500
|
| Maturity: | Feb. 3, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of index return, capped at $11.725 per PLUS; investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%
|
| Initial index level: | 3,224.73
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| Buffer level: | 90%
|
| Pricing date: | July 17
|
| Settlement date: | July 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.175%
|
| Cusip: | 36259J654
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