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GS Finance to price index-linked trigger notes linked to Hang Seng
By Sarah Lizee
Olympia, Wash., Aug. 29 – GS Finance Corp. plans to price 0% index-linked trigger notes due Sept. 18, 2019 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. will guarantee the notes.
If the index return is at least 80% of the initial level, the payout at maturity will be par plus the greater of zero and the index return, up to a maximum return of $1,280 per $1,000 of notes.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of its levels on Sept. 9, 10, 11, 12 and 13 of 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price Aug. 31 and settle on Sept. 6.
The Cusip number is 40055QVM1.
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