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GS Finance to price trigger step securities linked to MSCI EM ETF
By Sarah Lizee
Olympia, Wash., Sept. 7 – GS Finance Corp. plans to price 0% trigger step securities due Sept. 30, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the ETF return and the step return of 35% and 39%.
Investors will receive par if the ETF falls by up to 25% and will be fully exposed to any losses if the ETF finishes below the 75% downside threshold level.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip number is 36255U794.
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