By Kiku Steinfeld
Chicago, Oct. 21 – GS Finance Corp. priced $5.92 million of 0% dual directional trigger Performance Leveraged Upside Securities due April 4, 2022 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above the initial level, the payout at maturity will be par of $10 plus 2 times the ETF return, capped at $11.20 per PLUS.
If the ETF finishes at or below the initial level but at or above the trigger level, the payout will be par plus the absolute value of the ETF return. The trigger level is 90% of the initial level.
If the ETF finishes below the trigger level, investors will be fully exposed to the ETF’s decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
|
| Amount: | $5,922,520
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| Maturity: | April 4, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF finishes above initial level, par plus 2 times the ETF return, capped at $11.20 per PLUS; if ETF finishes at or below initial level but at or above trigger level, par plus absolute value of ETF return; if ETF finishes below trigger level, full exposure to decline
|
| Initial level: | $108.11
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| Trigger level: | $97.299, or 90% of initial levels
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.6%
|
| Cusip: | 36259L691
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