By Wendy Van Sickle
Columbus, Ohio, May 3 – GS Finance Corp. priced $5.28 million of 0% trigger jump securities with autocallable feature due April 27, 2027 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 10.65% if the ETF closes above its initial level on any quarterly call observation date after one year.
If the ETF finishes at or above its initial level, the payout at maturity will be par of $10 plus 53.25%.
If the ETF falls by up to 20%, the payout will be par.
If the ETF finishes below its 80% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $5,284,260
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| Maturity: | April 27, 2027
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10.65% per year if ETF closes above initial level on any quarterly call observation date after one year
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| Payout at maturity: | If ETF gains or finishes flat, par plus 53.25%; if ETF falls by up to 20%, par; otherwise, 1% loss for each 1% decline
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| Initial ETF level: | $64.89
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| Downside threshold: | $51.912, 80% of initial level
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 36264H636
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