Goldman Sachs to price index-linked trigger notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., May 1 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due May 5, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is equal to or greater than 70.2% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.

If the final level is less than the 70.2% trigger level, investors will be fully exposed to losses from the initial level.

The final index level will be the average of the closing index levels on five trading days ending May 2, 2017.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

The notes (Cusip: 38147Q4X1) are expected to price May 2 and settle May 7.

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