By William Gullotti
Buffalo, N.Y., Dec. 22 – GS Finance Corp. priced $5.43 million of 0% dual directional trigger jump securities due June 2, 2023 linked to the ARK Innovation ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group Inc.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 35%.
If the final ETF level is less than the initial ETF level but the ETF finishes at or above the trigger level, 90% of the initial ETF level, the payout will be par plus the absolute value of the ETF return.
If the ETF finishes below the trigger level, investors will lose 1% for every 1% that the ETF declines from its initial level.
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: | Dual directional trigger jump securities
|
| Underlying fund: | ARK Innovation ETF
|
| Amount: | $5,425,430
|
| Maturity: | June 2, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF finishes at or above initial level, par plus 35%; if ETF falls but finishes at or above trigger level, par plus absolute value of ETF return; if ETF finishes below trigger level, 1% loss for every 1% that ETF declines from initial level
|
| Initial level: | $105.69
|
| Trigger level: | $95.121; 90% of initial level
|
| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36261Y160
|
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