Goldman Sachs plans autocallable range accrual notes on Euro Stoxx 50

By Susanna Moon

Chicago, March 21 - Goldman Sachs Group, Inc. plans to price autocallable monthly index-linked range accrual notes due March 28, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 8% for each day that the index closes at or above 75% of the initial index level. Interest is payable monthly.

The notes will be called at par if the closing index level is at least 115% of the initial level on any monthly observation date after one year.

The payout at maturity will be par if the index finishes at or above 60% of the initial level.

Otherwise, investors will share fully in losses.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price on March 25 and settle on March 28.

The Cusip number is 38141GRG1.

© 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.