Goldman plans five-year trigger gears with no cap tied to Stoxx 50

By Susanna Moon

Chicago, July 10 – GS Finance Corp. plans to price 0% trigger gears due July 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3.4 times to 3.5 times any index gain, with the exact gearing to be set at pricing.

If the index falls by up to 30%, the payout will be par.

If the index finishes below the 70% downside threshold, investors will lose 1% for each 1% decline.

The guarantor is Goldman Sachs Group, Inc.

UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.

The notes will price on July 27 and settle on July 31.

The Cusip number is 36255U307.

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