By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – GS Finance Corp. priced $3.87 million of 0% jump securities due March 4, 2020 linked to the Apple Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par of $10 plus 30%.
If the stock falls by up to 20%, the payout will be par.
If the stock finishes below its 80% downside threshold, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger jump securities
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| Underlying stock: | Apple Inc. (Symbol: AAPL)
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| Amount: | $3,871,050
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| Maturity: | March 4, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock gains, par plus 30%; if stock falls by up to 20%, par; otherwise, 1% loss for each 1% decline
|
| Initial level: | $164.00
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| Downside threshold: | $131.20, 80% of initial level
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
|
| Agent: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3.175%
|
| Cusip: | 36253M604
|
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