By William Gullotti
Buffalo, N.Y., May 9 – GS Finance Corp. priced $11.75 million of 0% trigger Performance Leveraged Upside Securities due May 6, 2025 linked to the MSCI EAFE index, according to a 424B2 filing 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 level, the payout at maturity will be par of $10 plus 127% of the return.
If the index declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | MSCI EAFE index
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| Amount: | $11.75 million
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| Maturity: | May 6, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final index level is greater than or equal to the initial level, par plus 127% of index return; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
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| Initial index levels: | 2,033.7
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| Trigger level: | 1,626.96; 80% of initial level
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| Pricing date: | April 29
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| Settlement date: | May 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 36263Q173
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