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Goldman Sachs plans to price index-linked notes tied to Euro Stoxx 50
By Tali Rackner
Norfolk, Va., July 8 – Goldman Sachs Group, Inc. will price 0% index-linked notes due July 27, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, up to a maximum payout of $1,132.50 per $1,000 principal amount of notes.
If the index return is negative and the final index level is at least 86.75% of the initial level, the payout will be par plus the absolute value of the index return.
If the index return is negative and the final level is less than 86.75% of the initial level, investors will be fully exposed to the index decline from its initial level.
The final index level will be determined on July 22, 2016.
Goldman Sachs & Co. is the agent with JPMorgan as placement agent.
The notes are expected to price July 10 and settle July 15.
The Cusip number is 38148TA90.
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