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GS Finance plans 15-month index-linked trigger notes on S&P 500 index
New York, May 10 – GS Finance Corp. plans to price 0% index-linked trigger notes due Aug. 15, 2018 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 85% of the initial index level, the payout at maturity will be par plus 6.6%.
If the final level of the index is less than the 85% trigger level, investors will lose 1% for every 1% decline in the index from its initial level.
The final index level will be the average of its levels on Aug. 6, 7, 8, 9 and 10 of 2018.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on May 12 and settle on May 17.
The Cusip number is 40054LCC6.
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