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Goldman plans 10-year trigger gears linked to Bloomberg Commodity
By Susanna Moon
Chicago, Sept. 9 – GS Finance Corp. plans to price 0% trigger gears due Sept. 30, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus 1.5 times to 1.6 times any index gain, with the exact upside gearing to be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% downside threshold.
Goldman Sachs & Co. is the underwriter.
The notes will price on Sept. 28 and settle on Sept. 30.
The Cusip number is 36250Y627.
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