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GS Finance to price trigger notes linked to S&P Oil & Gas index
By Marisa Wong
Morgantown, W.Va., May 24 – GS Finance Corp. plans to price 0% trigger notes due June 12, 2019 linked to the S&P Oil & Gas Exploration & Production Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus the greater of 1.5 times the index gain, capped at 14.25%, and zero.
If the final index level is less than 70% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on May 25.
The Cusip number is 40055QAG7.
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