By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – GS Finance Corp. priced $8.96 million of 0% dual directional trigger jump securities due Aug. 28, 2026 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group Inc.
If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus the index return and the upside payment of 30.1%.
If the final index level is less than the initial index level but the index finishes at or above the trigger level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index finishes below the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying index: | S&P 500 index
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| Amount: | $8,958,000
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| Maturity: | Aug. 28, 2026
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above initial level, the greater of par plus the index return and the upside payment of 30.1%; if index falls but finishes at or above trigger level, par plus absolute value of index return; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 4,405.71
|
| Trigger level: | 3,524.568; 80% of initial level
|
| Pricing date: | Aug. 25
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| Settlement date: | Aug. 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 40057TWH3
|
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