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 |
GS Finance to price autocallable contingent coupon notes on indexes
Chicago, Dec. 4 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 29, 2028 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% to 8% if each index closes at or above its 70% coupon trigger level on the observation date for that quarter. The exact coupon level will be set at pricing.
The notes will be called at par plus a coupon if each index closes at or above its initial level on any review date beginning in December 2019 and ending in September 2028.
The payout at maturity will be par plus a coupon if each index closes above 70% of its initial level. If the final level of each index is greater than 50% but any index is less than 70% of its initial level, the payout will be par. If any index closes below its 50% trigger buffer level, investors will be fully exposed to any losses of the worst performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Dec. 21.
The Cusip number is 40056EL89.
© 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.