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GS Finance to price leveraged trigger notes due 2020 on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 10 – GS Finance Corp. plans to price 0% leveraged trigger notes due Jan. 15, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 70% of the initial index level, the payout at maturity will be the greater of par plus 122.5% of the index return and zero.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 40055QMP4) will price on July 13 and settle on July 18.
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