Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Goldman plans callable contingent coupon notes linked to three indexes
By Toni Weeks
San Luis Obispo, Calif., March 6 - Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due April 3, 2017 linked to the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon if each index closes at or above 65% of its respective initial level on the related coupon determination date. For each $1,000 principal amount of notes, the contingent coupon will be $19.75, or 1.975%.
The notes are callable on any interest payment date up to and including Jan. 5, 2017.
If the notes have not been called and the return of each index is greater than or equal to negative 35%, the payout at maturity will be par plus the 1.975% contingent coupon.
If the return of any index is less than negative 35%, investors will receive par plus the return of the lesser-performing index, with full exposure to losses.
The notes (Cusip: 38147QUP9) are expected to price March 26 and settle March 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.