GS Finance plans trigger absolute return step securities on Stoxx

By Sarah Lizee

Olympia, Wash., Dec. 24 – GS Finance Corp. plans to price 0% trigger absolute return step securities due Dec. 31, 2024 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 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 step return of 41.15% to 46.15% and the index return.

If the final index level is less than the initial index level but greater than or equal to the downside threshold level, 70% of the initial index level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.

The notes will price on Dec. 27.

The Cusip number is 36259E556.

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