By William Gullotti
Buffalo, N.Y., March 7 – GS Finance Corp. priced $2.57 million of 0% trigger jump securities due Aug. 31, 2023 linked to the Nasdaq-100 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 19.75%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the 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: | Trigger jump securities
|
| Underlying index: | Nasdaq-100
|
| Amount: | $2,565,000
|
| Maturity: | Aug. 31, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 19.75%; par if index falls by up to 10%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial index level: | 14,237.81
|
| Downside threshold level: | 12,814.029; 90% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36262Y698
|
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