GS Finance eyes dual directional trigger PLUS on S&P MidCap, Russell

By Sarah Lizee

Olympia, Wash., Jan. 16 – GS Finance Corp. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 3, 2022 linked to the lesser performing of the S&P MidCap 400 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes above its initial level, the payout at maturity will be par plus 200% of the return of the lesser-performing index, capped at par plus 40.7%.

If either index finishes at or below its initial level but each index finishes at or above its trigger level, 80% of its initial level, the payout will be par plus the absolute value of the return of the lesser-performing index.

If either index finishes below its trigger level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on Jan. 31.

The Cusip number is 36257D162.

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