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GS Finance plans index-linked trigger notes due 2020 tied to S&P 500
Chicago, Jan. 3 – GS Finance Corp. plans to price 0% index-linked trigger notes due April 8, 2020 based on 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 final level of the index is equal to or greater than 79.95% of the initial index level, the payout at maturity will be par plus 10%.
If the final level of the index is less than the 79.95% trigger level, investors will be fully exposed to the losses in the index.
The final index level will be the average of its levels on March 30, 2020, March 31, 2020, April 1, 2020, April 2, 2020 and April 3, 2020.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on Jan. 4 and settle on Jan. 9.
The Cusip number is 40056EST6.
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