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Goldman Sachs plans index-linked trigger notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Jan. 6 – Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due July 13, 2016 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at or above 75.5% of the initial index level, the payout at maturity will be par plus the index return, with a floor of par.
If the final index level is below the 75.5% trigger level, the payout will be par plus the index return, with full exposure to losses.
The final index level is the average of the closing index levels on the five trading days ending July 8, 2016.
The notes (Cusip: 38147QRD0) are expected to price Jan. 9 and settle Jan. 14.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
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