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Goldman Sachs plans two-year trigger autocallables linked to S&P 500
By Susanna Moon
Chicago, Sept. 27 – GS Finance Corp. plans to price 0% trigger autocallable notes due Sept. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 6.8% to 7.3% if each index closes at or above its initial level on any observation date beginning December 2016.
The payout at maturity will be par plus the call return unless the index finishes below the 80% downside threshold level, in which case investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the agent.
The notes will price on Sept. 28 and settle on Sept. 30.
The Cusip number is 36250Y783.
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