By Taylor Fox
New York, March 26 – GS Finance Corp. priced $6.74 million of 0% trigger Performance Leveraged Upside Securities due April 5, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by GS Finance Corp.
If the index finishes above its initial level, the payout at maturity will be par plus 1.115 times 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 fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $6,738,310
|
| Maturity: | April 5, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.115 times any index gain; if index finishes at or below initial level but at or above trigger level, par; otherwise, full exposure to index decline
|
| Initial index level: | 3,943.34
|
| Trigger level: | 3,154.672, 80% of initial level
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.875%
|
| Cusip: | 36259Y396
|
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