By Wendy Van Sickle
Columbus, Ohio, Sept. 1 – GS Finance Corp. priced $3.11 million of 0% buffered Performance Leveraged Upside Securities due March 3, 2023 linked to the least performing of the Financials Select Sector index and the Euro Stoxx Banks index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the least-performing index return is positive, the payout at maturity will be par of $10 plus 1.3 times the least-performing index return. Investors will receive par if the least-performing index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
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: | Buffered Performance Leveraged Upside Securities
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| Underlying indexes: | Financials Select Sector index and Euro Stoxx Banks index
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| Amount: | $3,113,000
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| Maturity: | March 3, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If least-performing index return is positive, par of $10 plus 1.3 times least-performing index return; par if least-performing index declines by 15% or less; 1% loss for every 1% that laggard index declines beyond 15%
|
| Initial index level: | 63.96 for Stoxx Banks, 311.86 for Financials
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| Pricing date: | Aug. 28
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| Settlement date: | Sept. 3
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.175%
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| Cusip: | 36259L428
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