Goldman Sachs plans equity-linked trigger notes on Johnson Controls

By Susanna Moon

Chicago, March 1 - Goldman Sachs Group, Inc. plans to price equity-linked trigger notes due March 20, 2012 linked to the common stock of Johnson Controls, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid monthly.

A trigger event occurs if the index falls by more than 25% during the life of the notes.

If a trigger event occurs and the index finishes at or above the initial level, the payout at maturity will be par plus any gain in Johnson Controls stock, up to a maximum settlement amount of $1,200 per $1,000 principal amount. Investors will be exposed to any decline in the stock price.

If a trigger event does not occur, the payout will be par plus the index return, subject to a minimum return of 11.3% and a maximum return of 20%.

The notes will price on March 2 and settle on March 7.

J.P. Morgan Securities LLC is the agent with Goldman Sachs & Co. as co-agent.

The Cusip is 38143USG7.

© 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.