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GS Finance to price equity-linked trigger notes on Eli Lilly stock
By Sarah Lizee
Olympia, Wash., June 18 – GS Finance Corp. plans to price 0% equity-linked trigger notes due July 9, 2020 based on the common stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the stock is equal to or greater than 80% of the initial level, the payout at maturity will be the greater of zero and par plus 2 times the return of the stock, capped at $1,167 per $1,000 of notes.
If the final level of the stock is less than the 80% trigger level, the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan Securities LLC is the placement agent.
The notes will price on June 21.
The Cusip number is 40056FPS8.
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