GS Finance plans trigger autocallable notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 23 – GS Finance Corp. plans to price 0% trigger autocallable notes due Jan. 3, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will be automatically called at par of $10 plus 6.9% to 7.5% per year if the index closes at or above its initial level on any quarterly call observation date. The exact call return will be set at pricing.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 13.8% to 15%. The exact maximum return will be set at pricing.

Investors will receive par if index declines by 20% or less and will lose 1% for every 1% that the final index level is below the initial level if it declines by more than 20%.

Goldman Sachs & Co. is the agent.

The notes will price on Dec. 28.

The Cusip number is 36251U533.

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