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GS Finance plans absolute return trigger notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 6 – GS Finance Corp. plans to price 0% absolute return trigger notes due Sept. 3, 2021 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 77% of the initial underlier level or increases above the upper barrier of 123% 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 $1,035 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 Feb. 28.
The Cusip number is 40056EVW5.
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