| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Goldman plans to price equity-linked trigger notes tied to PepsiCo
By Jennifer Chiou
New York, Aug. 2 - Goldman Sachs Group, Inc. plans to price 0% equity-linked trigger notes due Feb. 8, 2013 linked to the common stock of PepsiCo, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the stock closes below 75% of its initial price on any day during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the stock return, whether it is positive or negative. If a trigger event does not occur, the payout will be par plus the greater of the stock return and 3.1%.
The notes (Cusip: 38143UXJ5) are expected to settle on Aug. 10.
J.P. Morgan Securities LLC is the agent with Goldman Sachs & Co. as co-agent.
© 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.