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Goldman Sachs plans index-linked trigger notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Jan. 15 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due July 22, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 77% of the initial level, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Investors will be fully exposed to the decline in the index if it falls by more than 23%.
The final index level will be the average of the index levels on five trading days ending July 17, 2015.
The notes (Cusip: 38147QEK8) are expected to price Jan. 17 and settle Jan. 23.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
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