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GS Finance plans capped trigger in-step notes tied to S&P
By Sarah Lizee
Olympia, Wash., May 13 – GS Finance Corp. plans to price 0% capped trigger in-step securities due May 18, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the underlying index finishes at or above its 75% downside threshold, the payout at maturity will be par of $10 plus the greater of the 12% step return and any gain in the index, capped at $13.25 to $13.65 per $10.00 note.
Otherwise, investors will be fully exposed to any losses of the index.
Goldman Sachs & Co. LLC is the underwriter and UBS Financial Services Inc. is the selling agent.
The notes will price on May 15.
The Cusip number is 36259J225.
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