Goldman plans three-year capped trigger gears tied to S&P MidCap 400

By Susanna Moon

Chicago, Jan. 12 – GS Finance Corp. plans to price 0% trigger gears due Jan. 29, 2021 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of $12.70 to $13.00 for each $10 principal amount.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below its 80% downside threshold.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Jan. 26.

The Cusip number is 36254F681.

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