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Goldman Sachs plans trigger notes due 2018 linked to S&P 500
By Susanna Moon
Chicago, Sept. 27 – GS Finance Corp. plans to price 0% trigger notes due Jan. 4, 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.
If the index finishes at or above the 85% threshold level, the payout at maturity will be par plus the contingent minimum return of 8.2%.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 40054KL53.
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