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Goldman Sachs plans index-linked trigger notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Dec. 20 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due June 25, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the final index level is less than the initial level by more than 20%.
If a trigger event occurs, the payout at maturity will be par plus the index return, with full exposure to losses. Otherwise, the payout will be par plus the greater of the index return and the contingent minimum return of 9%.
Goldman Sachs & Co. will be the underwriter, and J.P. Morgan Securities LLC will be the placement agent.
The notes (Cusip: 38141GLG7) will price on Dec. 21 and settle on Dec. 27.
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