GS Finance to price contingent coupon autocalls on three indexes

By Sarah Lizee

Olympia, Wash., Nov. 4 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Nov. 13, 2020 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon of 6% per annum if each index closes at or above its 65% coupon trigger level every day that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date starting May 5, 2020.

The payout at maturity will be par plus the final coupon, if any, unless any index finishes below its initial level and any index ever closes below its 65% trigger level during the life of the notes, in which case investors will be fully exposed to the loss of the lesser-performing index.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Nov. 5.

The Cusip number is 40056XP42.

© 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.