By William Gullotti
Buffalo, N.Y., April 22 – GS Finance Corp. priced $1.77 million of 0% Performance Leveraged Upside Securities due May 23, 2023 linked to the performance of the S&P 500 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 its initial level, the payout at maturity will be par plus 300% of the return, subject to a maximum payout of par plus 13.8%.
Investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500 index
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Amount: | $1,772,350
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Maturity: | May 23, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes at or above its initial level, par plus 300% of the gain capped at 13.8%; full exposure to any losses
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Initial level: | 4,391.69
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Pricing date: | April 18
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Settlement date: | April 21
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 36264H537
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