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Goldman Sachs plans five-year leveraged trigger notes tied to S&P 500
By Susanna Moon
Chicago, Jan. 14 – Goldman Sachs Group, Inc. plans to price 0% leveraged trigger notes due Jan. 21, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 75% barrier level, the payout at maturity will be par plus 140% to 145% of any gain, floor of par. The exact upside participation rate will be set at pricing.
Otherwise, the payout will be par plus the index return with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
The notes will settle on Jan. 21.
The Cusip number is 38147QS80.
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