By William Gullotti
Buffalo, N.Y., Oct. 6 – GS Finance Corp. priced $3 million of 0% gears due March 28, 2024 linked to the MSCI EAFE 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 plus 1.525 times the index gain.
Otherwise, investors will be fully exposed to the decline of the index from its 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.
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| Issue: | Gears
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| Underlying index: | MSCI EAFE
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| Amount: | $3 million
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.525 times any index gain; otherwise, full exposure to index decline from initial level
|
| Initial index level: | 2,341.69
|
| Pricing date: | Sept. 24
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| Settlement date: | Sept. 29
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| Underwriter: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | None
|
| Cusip: | 36261U309
|
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