GS Finance plans trigger autocallables on Euro Stoxx 50, Russell 2000

By Tali Rackner

Minneapolis, Jan. 5 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due Jan. 18, 2028 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Each quarter, the notes will pay a contingent coupon at an annual rate of 6.252% to 7.252% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date.

If each index finishes at or above its 70% coupon barrier, the payout at maturity will be par plus the final coupon.

If either index falls below the coupon barrier but each finish above its 50% downside threshold, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes will price on Jan. 12 and settle on Jan. 18.

The Cusip number is 36254F665.

© 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.