New Issue: GS Finance sells $12.94 million dual directional trigger jump securities on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – GS Finance Corp. priced $12.94 million of 0% dual directional trigger jump securities due Aug. 3, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 21.5%.

If the index declines by up to 30%, the payout will be par plus the absolute value of the index return. If the index declines by more than 30%, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Dual directional trigger jump securities
Underlying index:	S&P 500
Amount:	$12,941,650
Maturity:	Aug. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the initial index level, par plus the greater of the index return and 21.5%; if the index declines by up to 30%, par plus absolute value of index return; otherwise, 1% loss for every 1% that the index declines from its initial level
Initial index level:	2,470.30
Downside threshold:	1,729.21, 70% of initial level
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3.85%
Cusip:	36253M265

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