By Wendy Van Sickle
Columbus, Ohio, June 27 – GS Finance Corp. priced $14.94 million of 0% capped trigger gears due June 30, 2022 linked to the S&P 500 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 2 times the index gain, capped at $13.06 per $10 face amount of notes.
If the index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. 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: | Capped trigger gears
|
| Underlying index: | S&P 500
|
| Amount: | $14,942,200
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| Maturity: | June 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 30.6%; par if index finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to index decline
|
| Initial index level: | 2,917.38
|
| Downside threshold: | 2,188.035, 75% of initial level
|
| Pricing date: | June 24
|
| Settlement date: | June 28
|
| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.75%
|
| Cusip: | 36257D832
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