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Goldman plans trigger return optimization notes linked to Russell 2000
By Susanna Moon
Chicago, Jan. 7 – GS Finance Corp. plans to price 0% trigger return optimization securities due Jan. 31, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus double the gain, up to a maximum return of 39.5% to 43.5%. The exact cap will be set at pricing.
If the index falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the agent.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 36250E191.
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