Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Goldman plans callable contingent coupon notes linked to two indexes
By Angela McDaniels
Tacoma, Wash., June 4 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due June 30, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annualized rate of 5.65% if each underlying index closes at or above its trigger level, 60% of its initial level, on the review date for that quarter.
If each index finishes at or above its trigger level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline of the worst-performing index.
Beginning June 30, 2016, the notes may be called at par on any coupon payment date.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price June 26 and settle June 30.
The Cusip number is 38148T4T3.
© 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.