By Cady Vishniac
Detroit, Jan. 8 – GS Finance Corp. priced $5.81 million of 0% capped trigger gears due Dec. 29, 2023 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 return is positive, the payout at maturity will be par plus twice the index gain, capped at $12.435 per $10 face amount of notes.
If the index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. acting as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped trigger gears
|
| Underlying index: | S&P 500
|
| Amount: | $5,806,900
|
| Maturity: | Dec. 29, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus twice any index gain, capped at $12.435 per $10 face amount of notes; par if index finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to index decline
|
| Initial index level: | 3,735.36
|
| Downside threshold: | 2,801.52, 75% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.675%
|
| Cusip: | 36259Q856
|
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