By Marisa Wong
Morgantown, W.Va., Feb. 9 – GS Finance Corp. priced $19.78 million of 0% trigger Performance Leveraged Upside Securities due Feb. 3, 2021 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 215% of the index return.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 80% of the initial index level.
If the index finishes below its trigger level, investors will be exposed to the index’s decline from its initial level.
Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | MSCI Europe
|
| Amount: | $19,783,750
|
| Maturity: | Feb. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 215% of index return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, exposure to decline
|
| Initial index level: | 133.46
|
| Trigger level: | 106.768, 80% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.175%
|
| Cusip: | 36254F764
|
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