New York, Aug. 23 – GS Finance Corp. priced $5.87 million of 0% dual directional buffered PLUS due Aug. 21, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 21.35%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 10%.
Otherwise, investors will lose 1% for every 1% that the index 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: | Dual directional buffered PLUS
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| Underlying index: | S&P 500 index
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| Amount: | $5.87 million
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| Maturity: | Aug. 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 150% of index return, subject to a maximum return of par plus 21.35%; par plus absolute value of index return if index declines by no more than 10%; otherwise, 1% loss for every 1% that index declines beyond buffer
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| Initial level: | 4,404.33
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| Upside leverage: | 150%
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| Cap: | 21.35%
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| Buffer: | 10%
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 21
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.50%
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| Cusip: | 40057TV35
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