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GS Finance plans 0% trigger notes due April 25, 2018 on S&P 500 index
By Devika Patel
Knoxville, Tenn., Jan. 18 – GS Finance Corp. plans to price 0% trigger notes due April 25, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index finishes at or above the 85% trigger level, the payout at maturity will be par plus the contingent minimum return of 8.05%.
Otherwise, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KUF1) will price on Jan. 20 and settle on Jan. 25.
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