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Goldman Sachs plans index-linked trigger notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., July 15 – Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Jan. 21, 2016 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above 85.5% of the initial index level every trading day during the life of the notes, the payout at maturity will be par plus the index return, with a floor of par.
If the index ever closes below the 85.5% trigger level during the life of the notes, the payout will be par plus the index return, with full exposure to losses.
The final index level is the average of the closing index levels on the five trading days ending Jan. 15, 2016.
The notes (Cusip: 38147QD94) are expected to price July 18 and settle July 23.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
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