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GS Finance to price absolute return trigger notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., Dec. 17 – GS Finance Corp. plans to price 0% absolute return trigger notes due June 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 78% of the initial underlier level or increases above the upper barrier of 122% of the initial underlier level.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return.
If a barrier event has occurred, the payout will be $1,030 per $1,000 principal amount.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on Dec. 20.
The Cusip number is 40056ENA2.
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