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Goldman Sachs plans trigger notes due 2015 linked to Euro Stoxx 50
By Susanna Moon
Chicago, Dec. 5 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due June 10, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above 77% of the initial index level on every trading day during the life of the notes, the payout at maturity will be par plus the greater of any index gain and zero.
If the index ever closes below the 77% trigger level, the payout will be par plus the index return, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes will price on Dec. 6 and settle on Dec. 11.
The Cusip number is 38147Q4A1.
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