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GS Finance plans index-linked trigger notes due 2019 tied to S&P 500
By Sarah Lizee
Olympia, Wash., June 19 – GS Finance Corp. plans to price 0% index-linked trigger notes due Dec. 26, 2019 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. will guarantee the notes.
If the final level of the index is equal to or greater than 82.75% of the initial index level, the payout at maturity will be par plus the greater of the return and zero.
If the final level of the index is less than the 82.75% trigger level, the payout will be par plus the index return with full exposure to any losses.
The final index level will be the average of its levels on Dec. 16, 17, 18, 19 and 20 of 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on June 22 and settle on June 27.
The Cusip number is 40055QGG1.
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