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Goldman Sachs plans to price trigger notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 3 – Goldman Sachs Group, Inc. plans to price 0% trigger notes due March 15, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's final level is greater than or equal to 82.5% of the initial level, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is agent.
The notes are expected to price Sept. 4 and settle Sept. 10.
The Cusip number is 38148TDU0.
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