New York, July 12 – GS Finance Corp. priced $6.93 million of 0% dual directional trigger PLUS due July 3, 2024 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 200% of the stock return, subject to a maximum return of par plus 38%.
Investors will receive a 1% gain for each 1% loss if the stock declines but finishes at or above the 80% principal barrier. Otherwise, investors will lose 1% for every 1% decline of the stock from initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanely Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Dual directional trigger PLUS
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| Underlying stock: | Apple Inc.
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| Amount: | $6,925,530
|
| Maturity: | July 3, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If stock return is positive, par plus 200% of stock return, subject to a maximum return of par plus 38%; 1% gain for each 1% loss if stock declines but ends at or above principal barrier; otherwise, full exposure to stock decline from initial level
|
| Initial level: | $136.72
|
| Principal barrier: | $109.376, 80% of initial level
|
| Upside leverage: | 200%
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| Cap: | 38%
|
| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36263Q595
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