New York, Sept. 9 – GS Finance Corp. priced $4.63 million of 0% trigger participation securities due March 11, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus of the index return.
Investors will receive par if the index falls but finishes at or above the 72% trigger level. If the index finishes below the trigger level, investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the selected dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger participation securities
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| Underlying index: | S&P 500 index
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| Amount: | $4.63 million
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| Maturity: | March 11, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus of the index gain; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% index decline from initial level
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| Initial level: | 3,908.19
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| Trigger level: | 2,813.8968, 72% of initial level
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 9
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.80%
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| Cusip: | 36264Q461
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