Goldman plans 48-month notes with 70% trigger, no cap tied to S&P 500

By Susanna Moon

Chicago, Aug. 3 – GS Finance Corp. plans to price 0% 48-month notes linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the threshold settlement amount of $1,255 to $1,300 per $1,000 principal amount.

If the index falls by up to the 70% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Goldman, Sachs & Co. is the agent.

The Cusip number is 40054KHD1.

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