GS Finance plans trigger jump securities linked to the Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Sept. 9 – GS Finance Corp. plans to price 0% trigger jump securities with autocallable feature due Sept. 20, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

Beginning Sept. 24, 2020, the notes will be automatically called at par of $10 plus a premium of 12.25% per year if the index closes at or above its initial level on any quarterly determination date other than the final determination date.

If the notes are not called and the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 61.25%. Investors will receive par if the index declines by 15% or less. Otherwise, investors will lose 1% for each 1% that the index declines beyond 15%.

The notes will be guaranteed by Goldman Sachs Group Inc.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes are expected to price Sept. 17.

The Cusip number is 36258L437.

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