By William Gullotti
Buffalo, N.Y., April 5 – GS Finance Corp. priced $3 million of 0% jump securities due April 13, 2023 linked to the Nasdaq-100 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 at or above the initial level, the payout at maturity will be par plus 14.05%.
Otherwise, investors will be fully exposed to any decline.
Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Jump securities
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| Underlying index: | Nasdaq-100 index
|
| Amount: | $3 million
|
| Maturity: | April 13, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above initial level, par plus 14.05%; full exposure to any index decline
|
| Initial index level: | 14,838.49
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Goldman, Sachs & Co. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.25%
|
| Cusip: | 36264H461
|
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