Goldman Sachs plans four-year 0% notes with trigger tied to S&P 500

By Susanna Moon

Chicago, Nov. 3 – GS Finance Corp. plans to price 0% notes due in 48 months 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 its initial level, the payout at maturity will be the greater of the gain and the threshold settlement amount of between $1,255 and $1,300 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KN51.

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