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Goldman Sachs to price absolute return trigger notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 22 - Goldman Sachs Group, Inc. plans to price 0% absolute return trigger notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity will be 15 to 17 months after issue.
If the index remains within its range during the life of the notes, payout at maturity will be par plus the absolute value of the index return. Otherwise, payout will be $1,020 per $1,000 principal amount.
The lower limit of the index range will be 65% to 70% of the initial level, and the upper limit will be 130% to 135% of the initial level. The exact range will be set at pricing.
Goldman, Sachs & Co. is the underwriter.
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