By Devika Patel
Knoxville, Tenn., June 30 – GS Finance Corp. priced $15.38 million of 0% trigger gears due June 30, 2022 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 finishes above the initial level, the payout at maturity will be par of $10 plus 2.16 times the gain.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par.
If the index falls by more than 30%, investors will lose 1% for each 1% decline from 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: | Euro Stoxx 50
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| Amount: | $15,380,250
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| Maturity: | June 30, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 2.16 times any index gain; par if index declines by 30% or less; 1% loss for each 1% decline from initial level if index falls beyond 30%
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| Initial index level: | 3,535.7
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| Downside threshold: | 2,474.99, 70% of initial level
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 3.85%
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| Cusip: | 36251V812
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