Goldman Sachs plans trigger performance notes on iShares MSCI EAFE

By Marisa Wong

Madison, Wis., Oct. 9 – Goldman Sachs Group, Inc. plans to price 0% trigger performance securities due Oct. 29, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund price is greater than the initial price, the payout at maturity will be par plus 1.5 to 1.6 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.

If the final fund price is less than 75% of the initial price, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the underwriter.

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

The Cusip number is 38148F620.

© 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.