By Kiku Steinfeld
Chicago, March 2 – GS Finance Corp priced $3.79 million of 0% trigger gears due Feb. 28, 2025 linked to an unequally weighted basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the Euro Stoxx 50 index with a 60% weight and the MSCI Emerging Markets index with a 40% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 2.123 times the basket return.
If the final basket level is less than or equal to the initial basket level but greater than or equal to the downside threshold, 75% of the initial basket level, the payout will be par.
If the final basket level is less than the downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger gears
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| Underlying basket: | Euro Stoxx 50 index (60% weight) and MSCI Emerging Markets index (40% weight)
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| Amount: | $3,793,000
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| Maturity: | Feb. 28, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final basket level is greater than initial basket level, par plus 2.123 times basket return; if final basket level is less than or equal to initial basket level but greater than or equal to downside threshold, par; if final basket level is less than downside threshold, 1% loss for every 1% that basket declines from initial level
|
| Initial index levels: | 3,577.68 for Stoxx, 1,043.31 for MSCI EM
|
| Downside threshold: | 75% of initial basket level
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 28
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 3.85%
|
| Cusip: | 36259H526
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