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GS Finance to price digital notes linked to Euro Stoxx Banks stocks
By Angela McDaniels
Tacoma, Wash., April 24 – GS Finance Corp. plans to price 36- to 39-month 0% digital notes linked to the 25 stocks of the European companies included in the Euro Stoxx Banks index as of Feb. 6, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket includes ABN Amro Group NV with a 4.12986% weight, Credit Agricole SA with a 5% weight, Banco BPM SpA with a 2.52861% weight, Banco Bilbao Vizcaya Argentaria, SA with a 5% weight, Bankia SA with a 2.49211% weight, Bank of Ireland with a 4.53643% weight, Bankinter, SA with a 3.13832% weight, BNP Paribas SA with a 5% weight, BPER Banca SpA with a 1.64276% weight, CaixaBank SA with a 5% weight, Commerzbank AG with a 5% weight, Deutsche Bank AG with a 5% weight, Erste Group Bank AG with a 5% weight, Societe Generale SA with a 5% weight, ING Groep NV with a 5% weight, Intesa Sanpaolo SpA with a 5% weight, KBC Group NV with a 5% weight, Natixis SA with a 3.26697% weight, Mediobanca SpA with a 3.07885% weight, Banco Popular Espanol, SA with a 2.11439% weight, Raiffeisen Bank International AG with a 1.59242% weight, Banco de Sabadell SA with a 4.97832% weight, Banco Santander SA with a 5% weight, Unione di Banche Italiane SpA with a 1.79938% weight and UniCredit SpA with a 4.70159% weight.
If the basket return is greater than or equal to negative 15%, the payout at maturity will be equal to the threshold settlement amount, which is expected to be $1,273 to $1,321 per $1,000 principal amount of notes and will be set at pricing. Otherwise, investors will lose 1.1765% for every 1% that the basket declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
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