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GS Finance plans to price index-linked notes due 2019 tied to Stoxx
By Sarah Lizee
Olympia, Wash., Nov. 27 – GS Finance Corp. plans to price 0% index-linked notes due Dec. 18, 2019 tied 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 index return is zero or positive, the payout at maturity will be par plus the return, capped at par plus 15%.
If the index return is negative but equal to or greater than 82.2% of the initial level, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on Nov. 30.
The Cusip number is 40056EJG4.
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