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 Finance plans to price autocallable notes linked to Euro Stoxx 50
By Tali Rackner
Minneapolis, June 22 – GS Finance Corp. plans to price 0% autocallable notes due June 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annualized call premium of 12.75% if the index closes at or above its initial level on June 29, 2018 and June 18, 2019.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the 38.25% maturity premium.
If the index finishes at or below its initial level but at or above 80% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price June 23 and settle on June 28.
The Cusip number is 40054LGE8.
© 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.