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GS Finance plans to price three-year trigger gears on MSCI EAFE index
By Devika Patel
Knoxville, Tenn., May 15 – GS Finance Corp. plans to price 0% trigger gears due May 20, 2021 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 greater than zero, the payout at maturity will be par of $10 plus between 1.585 times and 1.635 times the index return. The exact participation rate will be set at pricing. Investors will receive par if the index falls by up to 25% and lose 1% for each 1% decline from the initial level if the index declines by more than 25%.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
The notes (Cusip: 36254G556) will price on May 16 and settle on May 21.
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