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Goldman plans trigger autocallable optimization notes on Hang Seng
By Marisa Wong
Madison, Wis., Jan. 6 – Goldman Sachs Group, Inc. plans to price 0% trigger autocallable optimization securities due Jan. 31, 2020 linked to the Hang Seng China Enterprises index, 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 9% per year if the index closes at or above the initial index level on any quarterly observation date after one year.
If the notes are not called and the index finishes at or above the initial level, the payout at maturity will be par plus the maximum call return of 45%.
If the notes are not called and the index finishes at or above the trigger level, 62% to 70% of the initial level, the payout at maturity will be par of $10.
Otherwise, investors will be fully exposed to any losses in the index.
Goldman, Sachs & Co. is the underwriter.
The notes will price on Jan. 28 and settle on Jan. 30.
The Cusip number is 38148L122.
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