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GS Finance to price trigger gears due 2023 linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Aug. 31 – GS Finance Corp. plans to price 0% trigger gears due Sept. 29, 2023 linked to the Euro Stoxx 50 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 of $10 plus 3.23 to 3.33 times the index gain.
Investors will receive par if the index declines by up to the downside threshold, 70% of the initial level.
If the index falls beyond the downside threshold, investors will be exposed to the decline.
Goldman Sachs & Co. is the agent with UBS Financial Services Inc. as selling agent.
The notes will price on Sept. 26 and settle on Sept. 28.
The Cusip number is 36255U737.
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