By Taylor Fox
Chicago, July 23 – GS Finance Corp. priced $634,740 of 0% Performance Leveraged Upside Securities due Nov. 3, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 300% of the index return, up to a maximum of $11.55 per PLUS.
Investors will be fully exposed to any losses of the index.
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: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 Index
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| Amount: | $634,740
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| Maturity: | Nov. 3, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If the index finishes above its initial level, the payout at maturity will be par plus 300% of the index return, up to a maximum of $11.55 per PLUS; otherwise full exposure to losses
|
| Initial index level: | 3,224.73
|
| Pricing date: | July 17
|
| Settlement date: | July 22
|
| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36259J662
|
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