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Goldman plans four-year trigger step notes with no cap tied to Stoxx 50
By Susanna Moon
Chicago, July 10 – GS Finance Corp. plans to price 0% trigger step securities due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of any gain and the step return of 67% to 71.1%.
If the index falls by up to 25%, the payout will be par.
If the index finishes below the 75% downside threshold, investors will lose 1% for each 1% decline.
The guarantor is Goldman Sachs Group, Inc.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
The notes will price on July 27 and settle on July 31.
The Cusip number is 36255U323.
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