By William Gullotti
Buffalo, N.Y., March 14 – GS Finance Corp. priced $12.15 million of 0% capped trigger gears due Feb. 19, 2025 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 triple the index gain, capped at par plus 44.5%.
If the index finishes flat or declines up to the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $12,146,100
|
| Maturity: | Feb. 19, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, capped at par plus 44.5%; par if index finishes flat or declines up to the downside threshold; otherwise, full exposure to index decline
|
| Initial index level: | 4,064.45
|
| Downside threshold: | 3,048.34; 75% of initial level
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 16
|
| Underwriter: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 36262Y300
|
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