E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/26/2013 in the Prospect News Structured Products Daily.

Goldman Sachs plans to price digital notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., March 26 - Goldman Sachs Group, Inc. plans to price 0% index-linked digital notes tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 13 to 15 months after issue.

If the final index level is at least 85% of the initial level, investors will receive the maximum settlement amount of $1,068 to $1,080 per $1,000 principal amount. The exact digital payment will be set at pricing.

Otherwise, investors will lose 1.1765% for every 1% index decline beyond the 15% buffer.

Goldman Sachs & Co. is the underwriter.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.