E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/9/2014 in the Prospect News Structured Products Daily.

Goldman Sachs plans trigger notes due 2015 linked to S&P 500

By Susanna Moon

Chicago, April 9 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Oct. 15, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes below the 79% barrier level during the life of the notes, the payout at maturity will be par plus the greater of any index gain and 0%.

Otherwise, the payout at maturity will be par plus the index return with exposure to any losses.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

The notes will price on April 11 and settle on April 16.

The Cusip number is 38147Q3K0.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.