By Sarah Lizee
Olympia, Wash., Nov. 8 – GS Finance Corp. priced $2.78 million of 0% Performance Leveraged Upside Securities due Feb. 4, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, capped at $11.80 per PLUS.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,775,000
|
| Maturity: | Feb. 4, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 300% of index return, capped at $11.80 per PLUS; full exposure to decline
|
| Initial level: | 1,562.452
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36258L684
|
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