By Susanna Moon
Chicago, Feb. 14 – GS Finance Corp. priced $5.19 million of 0% trigger Performance Leveraged Upside Securities due Feb. 5, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus 1.16 times the return.
If the fund falls by up to its 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. 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: | Trigger Performance Leveraged Upside Securities
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $5,191,760
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| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus 116% of return; if fund falls by up to 50%, par; otherwise, 1% loss per 1% decline
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| Initial level: | $51.03
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| Trigger level: | $25.515, 50% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Goldman Sachs & Co.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.9%
|
| Cusip: | 36254F731
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