By Sarah Lizee
Olympia, Wash., Sept. 18 – GS Finance Corp. priced $4.56 million of 0% trigger gears due Sept. 18, 2025 linked to the Russell 1000 Value 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 1.13 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. LLC 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 1000 Value index
|
| Amount: | $4,556,340
|
| Maturity: | Sept. 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.13 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, fully exposure to any index decline
|
| Initial index level: | 1,190.924
|
| Barrier level: | 75% of initial level
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 3.85%
|
| Cusip: | 36259L543
|
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