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GS Finance plans to price buffer gears linked to index basket
By Sarah Lizee
Olympia, Wash., Feb. 24 – GS Finance Corp. plans to price 0% buffer gears due March 2, 2027 linked to a basket consisting of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 2.4275 times the basket return. Investors will receive par if the basket declines by 25% or less and lose 1% for every 1% that the basket may decline beyond 25%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
The notes will price Feb. 25.
The Cusip number is 36259H518.
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