By Wendy Van Sickle
Columbus, Ohio, July 25 – GS Finance Corp. priced $3 million of 0% capped buffer gears due July 28, 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 2 times the index gain, capped at $20.15 per $10 face amount of notes.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 10% buffer.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped buffer gears
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| Underlying index: | Russell 2000
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| Amount: | $3 million
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| Maturity: | July 28, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 20.15%; par if index finishes at or below the initial level but at or above 90% downside threshold; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index level: | 1,544.783
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| Pricing date: | July 23
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| Settlement date: | July 25
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| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
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| Fees: | 1.175%
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| Cusip: | 36257W434
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