Goldman Sachs to price index-linked trigger notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Feb. 5 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Aug. 12, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index level is equal to or greater than 78% of the initial level on every trading day during the measurement period and the final index level is also equal to or greater than 78% of the initial level, the payout at maturity will be par plus the index return, subject to a minimum return of 0%.

If the closing level of the index is less than 78% of the initial level on any trading day during the measurement period or the final index level is less than the 78% trigger, the payout at maturity will be par plus the index return, with full exposure to any losses.

The final index level will be the average of the closing index levels on five trading days ending Aug. 7, 2015.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

The notes (Cusip: 38147QKP0) are expected to price Feb. 7 and settle Feb. 12.

© 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.