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GS Finance plans to price index-linked trigger notes on Russell 2000
By Sarah Lizee
Olympia, Wash., July 17 – GS Finance Corp. plans to price 0% index-linked trigger notes due Aug. 7, 2019 based on the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. will guarantee the notes.
If the final level of the index is equal to or greater than 85% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return, up to a maximum settlement amount of $1,154.50 for each $1,000 of notes.
If the final level of the index is less than the 85% trigger level, the payout will be par plus the index return with full exposure to any losses.
The final index level will be the average of its levels on July 29, 30 and 31 and Aug. 1 and 2 of 2019.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on July 20 and settle on July 25.
The Cusip number is 40055QN99.
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