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GS Finance to price trigger notes due March 2017 linked to S&P 500
By Tali Rackner
Norfolk, Va., March 3 – GS Finance Corp. plans to price 0% trigger notes due March 22, 2017 linked to 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 index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus the contingent minimum return of 8.55%.
If the final index level is less than 85% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.
The index’s final level will be the average of its closing levels on the five trading days ending March 17, 2017.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
The notes will price on March 4 and settle on March 9.
The Cusip number is 40054K4W3.
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