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 callable contingent coupon notes tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., Oct. 25 – GS Finance Corp. plans to price callable contingent coupon notes due April 30, 2027 linked to lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon if each index closes at or above its barrier level, 85% of its initial level, on the observation date for that quarter. The contingent coupon rate is expected to be at least 4% per year.
After one year, the notes will be callable at par on any interest payment date.
If the notes are not called, the payout at maturity will be par plus the coupon, if any.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price Oct. 28.
The Cusip number is 40056XFC5.
© 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.