GS Finance plans capped trigger in-step securities on S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 24 – GS Finance Corp. plans to price 0% capped trigger in-step securities due July 29, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above the 80% step barrier level, the payout at maturity will be par of $10 plus the greater of the 10% step return and any index gain up to a maximum settlement amount of between $12.25 and $12.45 per $10 of notes.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Jan. 28.

The Cusip number is 36259E820.

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