GS Finance plans to issue PLUS linked to Euro Stoxx 50

By Emma Trincal

New York, May 17 – GS Finance Corp. plans to issue Performance Leveraged Upside Securities due Sept. 6, 2023 tied to the Euro Stoxx 50 index, according to an FWP 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 of $10 plus 300% of the index return, subject to a maximum payment of par plus at least 28%. The exact maximum payment was to be set at pricing.

Investors will be exposed to any index decline.

Goldman Sachs & Co. LLC is the underwriter.

The notes were expected to price on May 13 and to settle on May 18.

The Cusip number is 36263Q199.

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