New Issue: GS Finance sells $4.78 million equity-linked partial principal at risk notes on index

By William Gullotti

Buffalo, N.Y., July 12 – GS Finance Corp. priced $4.78 million of 0% equity-linked partial principal at risk securities due July 3, 2025 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities are guaranteed by Goldman Sachs Group, Inc.

If the index finishes above its initial level, the payout at maturity will be par plus the index return.

Otherwise, investors will be exposed to the index’s decline, subject to a minimum payout of 95% of par.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Equity-linked partial principal at risk securities
Underlying index:	MSCI Europe
Amount:	$4,775,500
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above initial level, par plus index return; otherwise, 1% loss for every 1% decline, subject to minimum payout of 95% of par
Initial level:	136.63
Pricing date:	June 30
Settlement date:	July 6
Agent:	Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
Fees:	3%
Cusip:	36263Q603

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