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Goldman Sachs to price index-linked trigger notes tied to Euro Stoxx
By Marisa Wong
Madison, Wis., April 15 – Goldman Sachs Group, Inc. plans to price 0% trigger notes due Oct. 26, 2016 linked to the Euro Stoxx index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is at least 81.25% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of the closing index levels on the five trading days ending Oct. 21, 2016.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price April 17 and settle April 22.
The Cusip number is 38147QZ74.
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