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 |
GS plans trigger autocallable contingent yield notes linked to Apple
By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due Dec. 31, 2021 linked to shares of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at an annual rate of 8% if the stock closes at or above its barrier, 74% to 79% of its initial level, on the observation date for that month.
Beginning in December 2017, the notes will be automatically called at par of $10 if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par the stock finishes below its barrier, in which case investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter.
The notes will price Dec. 28.
The Cusip number is 36251U509.
© 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.