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Goldman plans trigger autocallable optimization notes on Russell 2000
By Susanna Moon
Chicago, Feb. 12 – Goldman Sachs Group, Inc. plans to price 0% trigger autocallable optimization securities due Feb. 28, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial index level on any quarterly observation date after one year.
If the index finishes at or above the initial level, the payout at maturity will be par plus the maximum call return of 40%.
If the index finishes at or above the trigger level, 65% to 70% of the initial level, the payout at maturity will be par of $10.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
The notes will price on Feb. 25 and settle on Feb. 27.
The Cusip number is 38148L742.
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