New Issue: GS Finance prices $8.78 million lookback trigger PLUS linked to Invesco ETF

By William Gullotti

Buffalo, N.Y., July 7 – GS Finance Corp. priced $8.78 million of 0% lookback trigger Performance Leveraged Upside Securities due Jan. 6, 2025 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any ETF gain, subject to a maximum payout of par plus 14.5%.

Investors will receive par if the ETF declines by up to 20% and be fully exposed to loss if it finishes below its 80% trigger level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management acting as dealer.

Issuer:	GS Finance Corp.
Guarantor	Goldman Sachs Group, Inc.
Issue:	Lookback trigger Performance Leveraged Upside Securities
Underlying fund:	Invesco S&P 500 Equal Weight ETF
Amount:	$8,775,000
Maturity:	Jan. 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any ETF gain, capped at par plus 14.5%; if ETF falls by no more than 20%, par; otherwise, full exposure to decline from initial level
Initial level:	Lowest closing level of the ETF on any trading day during the one-month period between the pricing date and July 31, inclusive; initial level may not exceed pricing date closing level, $149.64
Trigger level:	80% of initial level
Pricing date:	June 30
Settlement date:	July 6
Agent:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	40057TCJ1

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