By Devika Patel
Knoxville, Tenn., Sept. 27 – GS Finance Corp. priced $6.66 million of 0% trigger gears due Sept. 28, 2026 linked to the Solactive Eurozone 50 Equal Weight 5% AR index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The index measures the aggregate performance, including dividend payments, of the common equity securities of 50 equally weighted European companies less 5% per year (subtracted on a daily basis from the aggregate performance of the index securities). The index is reset quarterly.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 365% of the index return. Investors will receive par if the index declines by 30% or less and will lose 1% for each 1% decline if the index declines by more than 30%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | Solactive Eurozone 50 Equal Weight 5% AR index
|
| Amount: | $6,662,170
|
| Maturity: | Sept. 28, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is greater than zero, par plus 365% of index return; par if index declines by 30% or less; 1% loss for each 1% decline if index declines by more than 30%
|
| Initial index level: | 89.72
|
| Downside threshold: | 62.80, 70% of initial level
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 5.45%
|
| Cusip: | 36250Y775
|
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