By Kiku Steinfeld
Chicago, Sept. 13 – GS Finance Corp. priced $3.82 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing 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 200% of the index return, subject to a maximum payment of $12.10 per each $10 face amount of notes.
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.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,824,990
|
| Maturity: | March 5, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus 200% of index gain, subject to $12.10 maximum payment per each $10 face amount of notes; par if index declines by 10% or less; 1% loss for every 1% that index declines below 10%
|
| Initial level: | 4,196.41
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 36261B699
|
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