By William Gullotti
Buffalo, N.Y., April 6 – GS Finance Corp. priced $2.12 million of 0% Performance Leveraged Upside Securities due July 6, 2023 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 300% of the return, subject to a maximum payout of par plus 21.4%.
Investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,117,950
|
| Maturity: | July 6, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 300% of the gain capped at 21.4%; full exposure to any losses
|
| Initial level: | 2,070.125
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 36264H289
|
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