By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. priced $5.25 million of 0% trigger gears due March 24, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight and the FTSE 100 index with a 20% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 1.714 times the basket return.
If the basket declines by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the basket declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
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 basket: | Euro Stoxx 50 (55% weight), Nikkei 225 (25% weight), FTSE 100 (20% weight)
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Amount: | $5.25 million
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Maturity: | March 24, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.714 times any basket gain; if basket declines by up to 25%, par; otherwise, 1% loss for every 1% basket decline from initial level
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Initial levels: | 3,837.02 for Euro Stoxx 50, 6,708.71 for Nikkei 225, 29,792.05 for FTSE 100
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Trigger level: | 75% of initial basket level
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Pricing date: | March 19
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Settlement date: | March 23
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Underwriter: | Goldman Sachs & Co. LLC
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Selling agent: | UBS Financial Services Inc.
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Fees: | 3.85%
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Cusip: | 36260W173
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