By Marisa Wong
Morgantown, W.Va., Oct. 7 – GS Finance Corp. priced $958,000 of 0% trigger gears due Sept. 30, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus 1.5 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below 70% of the initial level.
Goldman Sachs & Co. is the underwriter.
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 index: | Bloomberg Commodity Index 3 Month Forward
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Amount: | $958,000
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Maturity: | Sept. 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; par if the index falls by up to 30%; full exposure to any losses if the index finishes below 70% of the initial level
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Initial level: | 196.5992
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Pricing date: | Sept. 28
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Settlement date: | Sept. 30
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Agent: | Goldman Sachs & Co.
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Fees: | 5.45%
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Cusip: | 36250Y627
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