Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Goldman plans one-year absolute return notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 11 – Goldman Sachs Group, Inc. plans to price 0% index-linked notes due June 29, 2016 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the gain, up to a maximum settlement amount of $1,126.50 for each $1,000 principal amount.
If the index falls by up to the 87.35% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on June 12 and settle on June 17.
The Cusip number is 38148T5M7.
© 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.