Goldman Sachs plans trigger performance notes on S&P 500

By Marisa Wong

Madison, Wis., Jan. 16 – Goldman Sachs Group, Inc. plans to price 0% trigger performance securities due Jan. 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 120% to 130% of any index gain. The exact participation rate will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial index level if it falls by more than 25%.

Goldman Sachs & Co. is the underwriter.

The notes will price on Jan. 20 and settle on Jan. 23.

The Cusip number is 38148L338.

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