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GS Finance plans autocallable trigger jump securities on Stoxx 50
New York, June 26 – GS Finance Corp. plans to price 0% trigger jump securities with autocallable feature due July 2, 2021 linked 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 closes at or above its initial level on any quarterly call observation date, the notes will be automatically called at par plus the call premium of 8.7% per year.
At maturity, if the index return is positive or zero, the payout will be par plus the premium amount of 26.1%.
The payout will be par if the index declines by 20% or less.
If the index ends below the 80% downside threshold, investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on June 29 and settle on July 5.
The Cusip number is 40055QHS4.
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