GS Finance to price capped trigger gears linked to S&P MidCap 400

By Devika Patel

Knoxville, Tenn., March 20 – GS Finance Corp. plans to price 0% capped trigger gears due March 31, 2020 linked to 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 greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum return that is expected to be 28.3% to 30.3% and will be set at pricing. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from its initial level if the index declines by more than 25%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36251V432) will price on March 28 and settle on March 31.

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