Goldman plans contingent coupon notes linked to Euro Stoxx 50

By Jennifer Chiou

New York, March 11 - Goldman Sachs Group, Inc. plans to price contingent coupon notes due March 27, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

For the first year, the notes will pay a fixed coupon of 10% to 12%. After that, interest will accrue at a rate equal to the coupon return divided by the number of coupon payment dates that have occurred up to and including the pertinent coupon payment date if the coupon return is positive. The coupon return will be positive if the closing level of the index on the coupon observation date is greater than the initial level.

The coupon observation dates are expected to be 24 2015, March 23, 2016, March 23, 2017, March 23, 2018, March 25, 2019 and the determination date.

If the final index level is at or above the 50% barrier level, the payout at maturity will be par plus the contingent payment, if any.

Otherwise, investors will share in losses.

The notes (Cusip: 38141GQG2) are expected to price on March 26 and settle on March 28.

Goldman Sachs & Co. is the agent.

© 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.