GS Finance plans capped trigger gears due 2021 tied to index basket

By Sarah Lizee

Olympia, Wash., Sept. 18 – GS Finance Corp. plans to price 0% capped trigger gears due Sept. 24, 2021 linked to an equally-weighted basket comprised of the S&P 500 index, the Russell 2000 index and the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus two times the basket return, capped at $13 per $10 note.

Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.

Goldman Sachs & Co. is the underwriter. UBS Financial Services Inc. is the selling agent.

The notes will price Sept. 21.

The Cusip number is 36255U877.

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