By William Gullotti
Buffalo, N.Y., April 10 – GS Finance Corp. priced $2.63 million of 0% trigger Gears due March 31, 2028 linked to the performance of the S&P MidCap 400 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 1.3 times the 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 index decline.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as the selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $2,626,930
|
| Maturity: | March 31, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.3 times the index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to decline from initial level
|
| Initial index level: | 2,433.77
|
| Downside threshold level: | 1,825.33; 75% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | None
|
| Cusip: | 36265J219
|
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