GS Finance to price dual directional trigger PLUS on S&P 500

By Sarah Lizee

Olympia, Wash., July 29 – GS Finance Corp. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 6, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of $12.405 per PLUS. If the index declines by 20% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes will price on Aug. 30.

The Cusip number is 36257W467.

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