New Issue: GS Finance prices $9.09 million enhanced trigger jump securities on Stoxx, Russell

By Kiku Steinfeld

Chicago, Dec. 30 – GS Finance Corp. priced $9.09 million of 0% enhanced trigger jump securities due June 26, 2025 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its 80% downside threshold, the payout at maturity will be par plus the greater of the lesser performing index and the 31% upside payment.

Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Enhanced trigger jump securities
Underlying indexes:	Russell 2000 index, Euro Stoxx 50 index
Amount:	$9,092,000
Maturity:	June 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its 80% downside threshold, par plus greater of lesser performing index and 31% upside payment; otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level
Initial levels:	3,539.26 for Stoxx, 2,007.104 for Russell
Downside thresholds:	2,831.408 for Stoxx, 1,605.6832 for Russell; 80% of initial levels
Pricing date:	Dec. 23
Settlement date:	Dec. 30
Underwriter:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3.3%
Cusip:	36259Q849

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