By William Gullotti
Buffalo, N.Y., Dec. 8 – GS Finance Corp. priced $3.02 million of 0% trigger jump securities with autocallable feature due Dec. 4, 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.
The notes will be automatically called at par plus an 8.15% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the index return is zero or positive, the payout at maturity will be par plus 40.75%.
The payout will be par if the index declines by 20% or less. If the index declines by more than 20%, investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying index: | S&P 500 index
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| Amount: | $3,019,000
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| Maturity: | Dec. 4, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 40.75%; par if the index declines by 20% or less; otherwise, 1% loss for each 1% decline from the initial level
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| Call feature: | Automatically at par plus an 8.15% annualized call premium if the index closes at or above its initial level on any annual valuation date
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| Initial level: | 4,550.58
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| Downside threshold: | 3,640.464; 80% of initial level
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| Pricing date: | Nov. 29
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| Settlement date: | Dec. 4
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| Underwriter: | Goldman Sachs & Co.
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 3.25%
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| Cusip: | 40057XA47
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