Goldman Sachs plans trigger performance notes on iShares MSCI EAFE

By Marisa Wong

Madison, Wis., July 8 – Goldman Sachs Group, Inc. plans to price 0% trigger performance securities due July 31, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 1.4 to 1.5 times the fund gain. The exact participation rate will be set at pricing.

Investors will receive par if the fund falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.

Goldman Sachs & Co. is the agent.

The notes will price on July 28 and settle on July 31.

The Cusip number is 38148C452.

© 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.