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Goldman Sachs to price index-linked notes tied to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., April 22 – Goldman Sachs Group, Inc. plans to price 0% notes due May 11, 2016 linked to the Euro Stoxx index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the index return.
If the index return is negative and the index closes at or above 79.3% of the initial level on every day during the life of the notes, the payout will be par plus the absolute value of the index return.
If the index return is negative and the index closes below the 79.3% trigger level during the life of the notes, the payout will be par plus the index return.
The payout is subject to a maximum settlement amount of $1,120 per $1,000 principal amount of notes.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price April 24 and settle April 29.
The Cusip number is 38147QZT6.
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