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GS Finance to price five-year trigger gears linked to index basket
By Marisa Wong
Morgantown, W.Va., Feb. 23 – GS Finance Corp. plans to price 0% trigger gears due Feb. 28, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 3.05 to 3.10 times any basket gain.
Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if it finishes below its 75% downside threshold.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Feb. 26.
The Cusip number is 36254G176.
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