By Wendy Van Sickle
Columbus, Ohio, Nov. 5 – GS Finance Corp. priced $17.62 million of 0% dual directional trigger PLUS notes due May 5, 2021 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 200% of the index return if the final index value is greater than its initial value, capped at par plus 15.75%.
If the final index falls by no more than 10%, the payout will be par plus the absolute value of the index return.
If the final value falls more than 10%, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Dual directional trigger PLUS notes
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| Underlying index: | Russell 2000
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| Amount: | $17,622,450
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| Maturity: | May 5, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of index return if final index value is above initial value, capped at par plus 15.75%; par plus absolute return of the index if final value falls but no more than 10%; if index falls more than 10% investors will be fully exposed to losses of index
|
| Initial level: | 1,562.452
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| Trigger level: | 1,406.2068, 90% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.65%
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| Cusip: | 36258L767
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