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GS Finance plans trigger jump autocalls due 2024 linked to Stoxx
By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. plans to price 0% trigger jump securities with autocallable feature due Aug. 5, 2024 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
The notes will be called at par plus an 11.3% annualized premium if the index finishes at or above its initial level on any quarterly observation date after one year.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 56.5%.
If the index falls by up to 15%, the payout will be par.
If the index finishes below its 85% downside threshold, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
The notes will price July 31.
The Cusip number is 36257W251.
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