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Goldman to price trigger step performance securities linked to S&P 500
By Tali Rackner
Norfolk, Va., Oct. 30 – Goldman Sachs Group, Inc. plans to price 0% trigger step performance securities due Nov. 29, 2019 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 23% to 29% and will be set at pricing.
Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.
Goldman, Sachs & Co. is the agent.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 38148X522.
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