Goldman plans trigger autocallable optimization notes tied to the Dow

By Susanna Moon

Chicago, Jan. 13 – GS Finance Corp. plans to price 0% trigger autocallable optimization securities due Jan. 22, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date after one year.

If index return is zero or positive, the payout at maturity will be par plus 40%.

If the index return is negative but not below negative 28% to negative 35%, the payout will be par.

Otherwise, investors be fully exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 36250E241.

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