GS Finance to price trigger gears on unequally weighted index basket

By Devika Patel

Knoxville, Tenn., Dec. 24 – GS Finance Corp. plans to price 0% trigger gears due Jan. 3, 2023 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

The basket consists 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.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 1.9 to 1.95 times the basket return, with the exact participation rate to be set at pricing. Investors will receive par if the basket declines by 30% or less and will lose 1% for each 1% decline from its initial level if the basket declines by more than 30%.

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

The notes (Cusip: 36259E739) are expected to price Dec. 27 and settle Dec. 31.

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