New York, Oct. 20 – GS Finance Corp. priced $7.21 million of 0% Buffered PLUS due May 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 36.25%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $7,211,310
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Maturity: | May 5, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 36.25%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 3,583.07
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Buffer: | 10%
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Upside leverage: | 200%
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Cap: | 36.25%
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 36264Q776
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