Goldman plans five-year dual directional trigger PLUS tied to S&P 500

By Susanna Moon

Chicago, May 18 – GS Finance Corp. plans to price 0% dual directional trigger jump securities due June 3, 2022 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above its initial level, the payout at maturity will be par plus greater of the return and the upside payment of $2.40 per $10 note.

If the index falls but finishes at or above the 75% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for each 1% decline.

Goldman Sachs & Co. is the agent and Morgan Stanley Wealth Management is dealer.

The notes will price on May 31.

The Cusip number is 36251V622.

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