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Goldman Sachs plans index-linked trigger notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 12 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Aug. 19, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 80% of the initial index level, the payout at maturity will be par plus the greater of any index gain and 1.25%.
If the index finishes below the 80% trigger level, 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 Aug. 14, 2015.
The notes (Cusip: 38147QNB8) are expected to price Feb. 14 and settle Feb. 20.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
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