GS Finance plans trigger absolute return step notes tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., March 7 – GS Finance Corp. plans to price 0% trigger absolute return step securities due March 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group Inc.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and the step return, which is expected to be 80% to 85.3% and will be set at pricing.

If the final index level is less than the initial index level but greater than or equal to the downside threshold, 75% of the initial index level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the downside threshold, the return on the notes will be negative and will equal the index return.

Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.

The notes are expected to price March 27.

The Cusip number is 36257D352.

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