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GS Finance eyes 0% trigger notes due 2019 linked to the S&P 500 index
By Devika Patel
Knoxville, Tenn., July 10 – GS Finance Corp. plans to price 0% trigger notes due Oct. 17, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the 85% trigger level, the payout at maturity will be par plus 8.45%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 40055QML3) will price on July 13 and settle on July 18.
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