By Wendy Van Sickle
Columbus, Ohio, May 5 – GS Finance Corp. priced $12.86 million of 0% trigger jump securitiesdue May 3, 2023 linked to the common stock of Apple Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above its initial level, the payout at maturity will be par of $10 plus 32.8%.
If the stock falls by up to 10%, the payout will be par.
If the stock finishes below its 90% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities
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| Underlying stock: | Apple Inc.
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| Amount: | $12,859,250
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| Maturity: | May 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or finishes flat, par plus 32.8%; if stock falls by up to 10%, par; otherwise, 1% loss for each 1% decline
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| Initial stock level: | $131.46
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| Downside threshold: | $118.314, 90% of initial level
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| Pricing date: | April 30
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| Settlement date: | May 5
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 36260W355
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