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Goldman Sachs to price leveraged trigger notes tied to S&P 500 index
By Marisa Wong
Madison, Wis., Aug. 12 – Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked trigger notes due March 1, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index level finishes at or above 70% of the initial level, the payout at maturity will be par plus 130% to 140% of the index return, subject to a floor of par. The exact participation rate will be set at pricing. Investors will be fully exposed to any losses if the index finishes below the 70% trigger level.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price on Aug. 22 and settle on Aug. 29.
The Cusip number is 38147QEU6.
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