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GS Finance to price 5.5% callable notes linked to Euro Stoxx, S&P 500
By Angela McDaniels
Tacoma, Wash., Jan. 3 – GS Finance Corp. plans to price 5.5% callable fixed-coupon notes due Jan. 14, 2022 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Interest will be payable quarterly.
Beginning in July 2019, the notes will be callable at par on any coupon payment date.
If the return of each index is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price Jan. 9.
The Cusip number is 40056EQ92.
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