GS Finance plans trigger jump securities due 2024 linked to Stoxx 50

By Sarah Lizee

Olympia, Wash., July 29 – GS Finance Corp. plans to price 0% trigger jump securities due Sept. 5, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the return and the upside payment of at least 70.5%.

If the final index level declines by up to 35%, the payout will be par. Otherwise, investors will be exposed to any losses if the index declines by more than 35%.

Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on Aug. 30.

The Cusip number is 36257W475.

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