GS Finance plans to price capped trigger gears linked to 35 stocks

By Devika Patel

Knoxville, Tenn., March 22 – GS Finance Corp. plans to price 0% capped trigger gears due March 31, 2020 linked to a basket of 35 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The underlying stocks are Flowserve Corp., Idex Corp., Mueller Water Products, Inc., Pentair plc, Rexnord Corp., Xylem Inc., Vectren Corp., Aecom, Astec Industries, Inc., Emcor Group, Inc., Eagle Materials Inc., Granite Construction Inc., Headwaters Inc., MDU Resources Group, Inc., Martin Marietta Materials, Inc., Summit Materials, LLC, Tutor Perini Corp., Tetra Tech, Inc., Vulcan Materials Co., Crown Castle International Corp., Uniti Group Inc., Dycom Industries, Inc., Mastec, Inc., Quanta Services Inc., CommScope Holding Co, Inc., Gibraltar Industries, Inc., SemGroup Corp., Valero Energy Corp., Valmont Industries Inc., Knowles Corp., 3M Co., Lumentum Holdings Inc., Argan Inc., Jacobs Engineering Group Inc. and US Concrete Inc.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2 times the basket return, subject to a maximum return that is expected to be 30% to 33% and will be set at pricing. Investors will receive par if the basket declines by 15% or less and will lose 1% for each 1% decline from its initial level if the basket declines by more than 15%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36251V291) will price on March 28 and settle on March 31.

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