Goldman plans trigger return optimization securities on S&P MidCap 400

By Jennifer Chiou

New York, Oct. 9 – Goldman Sachs Group, Inc. plans to price 0% trigger return optimization securities due Oct. 31, 2018 linked to the S&P MidCap 400 index, according to an FWP with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return that is expected to be 43% to 50% and will be set at pricing.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 80% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.

The notes (Cusip: 38148F695) will price on Oct. 28 and settle on Oct. 31.

Goldman Sachs & Co. is the underwriter.

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