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GS Finance plans trigger absolute return step notes on iShares MSCI EAFE
By Tali Rackner
Norfolk, Va., March 23 – GS Finance Corp. plans to price 0% trigger absolute return step securities due March 31, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final fund level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the step return and the ETF return. The step return is expected to be 34% to 37% and will be set at pricing.
If the final fund level is less than the initial level but greater than or equal to the downside threshold level, 75% of the initial level, the payout will be par plus the absolute value of the ETF return.
If the final level is less than the downside threshold level, investors will lose 1% for every 1% that the final level is less than the initial level.
Goldman, Sachs & Co. is the agent.
The notes will price on March 29 and settle on March 31.
The Cusip number is 36251V242.
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