By Marisa Wong
Morgantown, W.Va., July 17 – GS Finance Corp. priced $2.64 million of 0% trigger gears due June 30, 2021 linked to the Euro Stoxx 50 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 positive, the payout at maturity will be par plus 2.63 times the index gain.
If the index finishes at or below the initial level but at or above the downside threshold, 70% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,635,600
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Maturity: | June 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.63 times any index gain; par if index finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to index decline
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Initial index level: | 3,397.13
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Downside threshold: | 2,377.99, 70% of initial level
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Pricing date: | June 27
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Settlement date: | June 29
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Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 0.25%
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Cusip: | 36254G770
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