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Goldman Sachs to price leveraged notes linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., April 5 - Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 18 to 21 months.
If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $1,375 to $1,405 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.
The initial index level will be set on the pricing date and may be higher or lower than the actual closing level of the index on that date.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147K778.
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