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GS Finance plans index-linked trigger notes due 2020 tied to S&P 500
By Sarah Lizee
Olympia, Wash., Nov. 13 – GS Finance Corp. plans to price 0% index-linked trigger notes due Feb. 20, 2020 based on 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 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 9.92%.
If the final level of the index is less than the 85% trigger level, the payout will be par plus the index return with full exposure to any losses.
The final index level will be the average of its levels on Feb. 10, 11, 12, 13 and 14 of 2020.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on Nov. 16 and settle on Nov. 21.
The Cusip number is 40056EGS1.
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