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GS Finance to price trigger return optimization notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 16 – GS Finance Corp. plans to price 0% trigger return optimization securities due Feb. 28, 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 return is positive, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return that is expected to be 35% to 41% and will be set at pricing.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par.
If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 25.
The Cusip number is 36250E381.
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