By Marisa Wong
Los Angeles, Sept. 1 – GS Finance Corp. priced $5.48 million of 0% capped trigger gears due Aug. 29, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial level, the payout at maturity will be par plus 3 times the index gain, subject to a maximum settlement amount of $14.165 per $10 principal amount.
If the index finishes at or below the initial level but at or above the downside threshold, which is 75% of the initial level, the payout will be par.
If the index finishes below the 75% downside threshold, the payout will be par plus the index return, with full exposure to the index decline.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped trigger gears
|
| Underlying index: | Nasdaq-100 index
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| Amount: | $5,483,420
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| Maturity: | Aug. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 41.65%; par if index finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
| Initial index level: | 12,605.17
|
| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
|
| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 36264Q313
|
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