New York, March 11 – GS Finance Corp. priced $10.09 million of 0% dual directional trigger jump securities due March 5, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the return and 54%.
If the index declines but finishes at or above the 75% downside threshold, investors will receive par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline of index decline from initial level.
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 trigger jump securities
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| Underlying assets: | Euro Stoxx 50 index
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| Amount: | $10,086,000
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| Maturity: | March 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of index return and 54%; par plus absolute value of index return if index declines but finishes at or above downside threshold; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial levels: | 4,877.77
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| Upside payment: | 54%
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| Downside threshold: | 3,658.3275, 75% of initial level
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| Pricing date: | Feb. 29
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| Settlement date: | March 5
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.50%
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| Cusip: | 40057YDE0
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