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Goldman Sachs plans leveraged trigger notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 6 – Goldman Sachs Group, Inc. plans to price 0% leveraged trigger notes due Nov. 2, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 60% of the initial level, the payout at maturity will be par plus 1.75 to 1.85 times the index return, subject to a floor of par. The exact upside participation rate will be set at pricing.
If the final index level is less than 60% of the initial level, the payout will be par plus the index return with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 24 and settle on Oct. 31.
The Cusip number is 38147QJM9.
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