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 index-linked trigger notes tied to S&P 500
By Marisa Wong
Madison, Wis., Dec. 4 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due June 11, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index level falls by more than 29.5% on any day during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.
If a trigger event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of zero.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.
The notes (Cusip: 38141GKK9) are expected to price Dec. 7 and settle on Dec. 12.
© 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.