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GS Finance plans trigger step securities linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., March 28 – GS Finance Corp. plans to price 0% trigger step securities due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 52% to 56%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
Goldman Sachs & Co. is the underwriter.
The notes will price on March 29.
The Cusip number is 36251V333.
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