By Sarah Lizee
Olympia, Wash., Aug. 21 – GS Finance Corp. priced $2.71 million of 0% trigger jump securities with autocallable feature due Aug. 24, 2023 linked to the common stock of Visa Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 10.5% if the stock closes above its initial level on any quarterly call observation date after one year.
If the stock finishes at or above its initial level, the payout at maturity will be par of $10 plus 31.5%.
If the stock falls by up to 25%, the payout will be par.
If the stock finishes below its 75% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying stock: | Visa Inc.
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| Amount: | $2,705,700
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| Maturity: | Aug. 24, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Call: | At par plus 10.5% per year if stock closes above initial level on any quarterly call observation date after one year
|
| Payout at maturity: | If stock gains or finishes flat, par plus 31.5%; if stock falls by up to 25%, par; otherwise, 1% loss for each 1% decline
|
| Initial stock level: | $200.99
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| Downside threshold: | $150.7425, 75% of initial level
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.25%
|
| Cusip: | 36259L220
|
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