By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – GS Finance Corp. priced $10.69 million of 0% trigger jump securities due Nov. 3, 2028 linked to the S&P 500 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 57%.
If the index falls but finishes at or above its 75% downside threshold, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the 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.
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| Issue: | Trigger jump securities
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| Underlying index: | S&P 500 index
|
| Amount: | $10,691,000
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| Maturity: | Nov. 3, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 57%; if index finishes below initial level but at or above its 75% downside threshold, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
|
| Initial level: | 4,193.8
|
| Downside threshold: | 3,145.35; 75% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 40057WWW3
|
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