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GS Finance to price capped gears due 2021 tied to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Oct. 28 – GS Finance Corp. plans to price 0% capped gears due Jan. 4, 2021 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 plus 3 times the index gain, capped at between $12.25 and $12.325 per $10 face amount of notes.
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.
The notes will price on Oct. 29.
The Cusip number is 36258L734.
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