By Marisa Wong
Los Angeles, June 21 – GS Finance Corp. priced $2.44 million of 0% trigger gears due March 31, 2026 linked to the Russell 2000 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 of $10 plus 1.1235 times the index gain.
If the index finishes at or below the initial level but at or above 80% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline from the 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.
|
| Issue: | Trigger gears
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,439,500
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.1235 times any index gain; par if index finishes flat or falls by up to 20%; otherwise, fully exposure to any index decline
|
| Initial index level: | 2,221.482
|
| Downside threshold: | 1,777.186, 80% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 0.35%
|
| Cusip: | 36259Y818
|
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