New Issue: GS Finance prices $3.01 million capped trigger gears on index basket

By Sarah Lizee

Olympia, Wash., Sept. 26 – GS Finance Corp. priced $3.01 million of 0% capped trigger gears due Sept. 24, 2021 linked to an equally-weighted basket comprised of the S&P 500 index, the Russell 2000 index and 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 basket return is greater than zero, the payout at maturity will be par of $10 plus two times the basket return, capped at $13 per $10 note.

Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.

Goldman Sachs & Co. is the underwriter. UBS Financial Services Inc. is the selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped trigger gears
Underlying basket:	S&P 500 index, Russell 2000 index, S&P MidCap 400 index
Amount:	$3,005,000
Maturity:	Sept. 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, capped $13 per $10 note; par if basket declines by 25% or less; full exposure to basket’s decline from its initial level if it declines by more than 25%
Initial levels:	2,929.67 for S&P 500, 1,712.316 for Russell, 2,041.36 for S&P MidCap
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Underwriter:	Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
Fees:	2.675%
Cusip:	36255U877

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