By Wendy Van Sickle
Columbus, Ohio, June 23 – GS Finance Corp. priced $24.17 million of 0% dual directional buffered Performance Leveraged Upside Securities due July 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, capped at $1,195 per $1,000 note.
If the index falls but not by more than 15%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be exposed to any decline in the index beyond the buffer.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Dual directional buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $24.17 million
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| Maturity: | July 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index gains, par plus 1.5 times the gain, capped at $1,195 per $1,000 note; if index falls by up to buffer, par plus absolute value of the return of the index; otherwise, exposure to any decline of index beyond buffer
|
| Initial level: | 4,409.59
|
| Buffer level: | 85% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
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| Cusip: | 40057RYG7
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