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Goldman Sachs plans to price trigger notes linked to S&P 500 index
By Marisa Wong
Madison, Wis., Feb. 3 - Goldman Sachs Group, Inc. plans to price 0% trigger notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 months after pricing.
The trigger level will be 60% of the initial index level.
If the index closes at or above the trigger level on every day throughout the life of the notes, the payout at maturity will be par plus 7.5%.
Otherwise, the payout will be par plus the return, subject to a maximum return of 7.5%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QJF4.
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