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Goldman plans trigger step securities with no cap linked to S&P 500
By Susanna Moon
Chicago, April 12 – GS Finance Corp. plans to price 0% trigger step securities due April 30, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 24.5% to 28.5%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
Goldman, Sachs & Co. is the agent.
Goldman Sachs Group, Inc. is the guarantor.
The notes will price on April 25 and settle on April 28.
The Cusip number is 36251V515.
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