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Goldman plans trigger absolute return step notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 10 – GS Finance Corp. plans to price 0% trigger absolute return step securities due Jan. 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 21% to 25%.
If the index falls by up to the 75% downside threshold level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Jan. 26.
The Cusip number is 36254F657.
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