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Goldman Sachs plans return optimization notes linked to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., Aug. 5 – Goldman Sachs Group, Inc. plans to price 0% return optimization securities due Sept. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $11.70 to $11.90 per $10 principal amount of notes. The exact cap will be set at pricing. Investors will be fully exposed to any losses if the index declines.
The notes (Cusip: 38148X159) are expected to price Aug. 27 and settle Aug. 31.
Goldman Sachs & Co. is the agent.
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