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GS Finance plans index-linked trigger notes due 2020 tied to Stoxx
By Sarah Lizee
Olympia, Wash., Oct. 3 – GS Finance Corp. plans to price 0% index-linked trigger notes due Oct. 21, 2020 based on the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is equal to or greater than 85% of the initial index level, the payout at maturity will be par plus 8.06%.
If the final level of the index is less than the 85% trigger level, investors will be fully exposed to the losses in the index.
Goldman Sachs & Co. LLC is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on Oct. 4.
The Cusip number is 40056XHM1.
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