By Sarah Lizee
Olympia, Wash., Aug. 1 – GS Finance Corp. priced $372,270 of 0% trigger gears due July 29, 2021 linked to the Russell 2000 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 1.18 times the index gain.
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. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | Russell 2000
|
| Amount: | $372,270
|
| Maturity: | July 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.18 times any index gain; 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: | 1,695.360
|
| Downside threshold: | 1,271.520, 75% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Underwriter: | Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 0.175%
|
| Cusip: | 36255U331
|
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