By William Gullotti
Buffalo, N.Y., Aug. 15 – GS Finance Corp. priced $3.45 million of 0% trigger jump securities with autocallable feature due Jan. 27, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 13.9% annualized call premium if the index closes at or above its initial level on any quarterly observation date after six months.
If the index return is zero or positive, the payout at maturity will be par plus 34.75%.
The payout will be par if the index declines by 20% or less. If the index declines by more than 20%, investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $3,445,000
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| Maturity: | Jan. 27, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is zero or positive, par plus 34.75%; par if the index declines by 20% or less; otherwise, 1% loss for each 1% decline from the initial level
|
| Call feature: | Automatically at par plus a 13.9% annualized call premium if the index closes at or above its initial level on any quarterly observation date after six months
|
| Initial level: | 3,596.49
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| Downside threshold: | 2,877.192; 80% of initial level
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| Pricing date: | July 22
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| Settlement date: | July 27
|
| Underwriter: | Goldman, Sachs & Co.
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 36264H826
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