New York, Nov. 28 – GS Finance Corp. priced $8.06 million of 0% dual directional trigger PLUS due May 5, 2025 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the ETF is positive, the payout at maturity will be par plus 200% of the return of the ETF, subject to a maximum return of par plus 42%.
Investors will receive a 1% gain for each 1% loss if the ETF declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the ETF ends below its principal barrier.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger PLUS
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $8,056,640
|
| Maturity: | May 5, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is positive, par plus 200% of ETF return, subject to a maximum return of par plus 42%; 1% gain for each 1% loss if ETF declines but ends at or above principal barrier; otherwise, full exposure to ETF decline from initial level
|
| Initial level: | $34.19
|
| Principal barrier: | $27.352, 80% of initial level
|
| Upside leverage: | 200%
|
| Cap: | 42%
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.00%
|
| Cusip: | 36264U140
|
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