By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – GS Finance Corp. priced $12.2 million of 0% trigger jump securities due March 5, 2024 linked to the shares of Tesla, Inc., according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above its initial level, the payout at maturity will equal par plus 57%.
If the stock falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $12,196,500
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| Maturity: | March 5, 2024
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| Coupon: | 0%
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| Price: | Par of $20
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| Payout at maturity: | If stock finishes at or above its initial level, par plus 57%; par if stock falls by up to 20%; otherwise, 1% loss for each 1% decline from initial level
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| Initial stock level: | $186.92
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| Downside threshold level: | $149.536; 80% of initial level
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 36264U314
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