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Goldman Sachs plans 18-month digital notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, Jan. 8 – Goldman Sachs Group, Inc. plans to price 0% 18-month digital notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the maximum settlement amount, which is expected to be $1,085 to $1,100 for each $1,000 principal amount.
Otherwise, investors will be exposed to any losses at a rate of 1.1765% per 1% decline beyond 15%.
Goldman, Sachs & Co. is the agent.
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