Goldman plans step down trigger autocalls tied to S&P 500, Stoxx 50

By Susanna Moon

Chicago, July 20 – GS Finance Corp. plans to price 0% step down trigger autocallable notes due July 31, 2023 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 9% to 10% if each index closes at or above its initial level on any annual review date after one year.

If the notes are not called, the payout at maturity will be par plus 45% to 50% unless the index falls below its 70% downside threshold, in which case investors will receive par plus the return of the worse performing index with full exposure to any losses.

UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.

The notes will price on July 27.

The Cusip number is 36255U455.

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