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

By Toni Weeks

San Luis Obispo, Calif., Nov. 3 – Goldman Sachs Group, Inc. plans to price 0% trigger return optimization securities due Nov. 30, 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par of $10 plus 1.5 times the return, up to a maximum payout of $13.40 to $14.00 per $10 note that will be set at pricing.

If the index falls by up to the trigger level, 80% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to the index decline from the initial level.

The notes (Cusip: 38148K322) will price Nov. 24 and settle Nov. 28.

Goldman Sachs & Co. is the agent.

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