GS Finance plans to price capped trigger gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 11 – GS Finance Corp. plans to price 0% capped trigger gears due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than zero, the payout at maturity will be par of $10.00 plus two times the index return, subject to a maximum settlement amount that is expected to be $12.325 to $12.625 per note and will be set at pricing. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

Goldman Sachs & Co. is the underwriter.

The notes will price Sept. 26.

The Cusip number is 36253M729.

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