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GS Finance to price five-year trigger gears linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 28 – GS Finance Corp. plans to price 0% trigger gears due Aug. 31, 2022 tied to the Euro Stoxx 50 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 2.23 to 2.33 times the gain. Investors will receive par if the index declines by 30% or less and will lose 1% for each 1% decline from the initial level if the index declines by more than 30%.
Goldman, Sachs & Co. is the underwriter.
The notes will price on Aug. 29.
The Cusip number is 36253M554.
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