Goldman to price variable-coupon notes due 2020 linked to indexes

By Jennifer Chiou

New York, Jan. 10 - Goldman Sachs Bank USA plans to price variable-coupon notes due Jan. 31, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components include the Euro Stoxx 50 index, the MSCI EASEA indexd and the Dow Jones industrial average.

The index levels will be measured from pricing to the corresponding coupon observation date, which will fall at the end of January in each year.

On each annual coupon payment date, holders will receive per $1,000 principal amount of notes:

• $2.50 if the closing levels of all indexes on the corresponding coupon observation date are less than the initial levels;

• $10.00 if only one of the indexes finishes at or above its initial level on the observation date;

• $20.00 if only two of the indexes finishes at or above its initial level on the observation date; or

• $60.00 if all of the indexes finishes at or above its initial level on the observation date.

The payout at maturity will be par.

The notes (Cusip: 38141GLN2) are expected to price on Jan. 29 and settle on Jan. 31.

Goldman Sachs & Co. is the underwriter.

© 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.