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GS Finance plans to price trigger gears due 2024 linked to S&P 500
By Sarah Lizee
Olympia, Wash., July 17 – GS Finance Corp. plans to price 0% trigger gears due July 23, 2024 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 of $10 plus 1.45 to 1.486 times the index gain.
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.
The notes will price on July 18.
The Cusip number is 36257W368.
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