GS Finance plans to price autocallable notes linked to Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., July 11 – GS Finance Corp. plans to price 0% autocallable notes due July 17, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will be called at par plus an annualized call return of 13% if the index closes at or above the initial level on July 27, 2018 or July 12, 2019.

The payout at maturity will be $1,390 if the index gains or finishes flat. If the index return is negative but not less than negative 20%, investors will receive par. If the index finishes below the 80% trigger level, investors will lose 1% for each 1% decline of the index from its initial level.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

The notes (Cusip: 40054LL36) are expected to price July 14 and settle July 19.

© 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.