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 10-year contingent coupon autocallables on two indexes
By Susanna Moon
Chicago, Oct. 12 – GS Finance Corp. plans to price autocallable contingent coupon notes due Nov. 3, 2027 linked to least performing of the Russell 2000 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 7.5% to 8.5% if each underlying index closes at or above its 75% coupon barrier on the observation for that quarter.
The notes will be called at par if each index closes at or above its initial level on any interest payment date after one year.
The payout at maturity will be par the contingent coupon unless either underlying component finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Oct. 27.
The Cusip number is 40054LVN1.
© 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.