| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
GS Finance plans to price index-linked autocalls on BlackRock Dynamic Factor
By Emma Trincal
New York, April 14 – GS Finance Corp. plans to price 0% autocallable index-linked notes due May 10, 2029 tied to the BlackRock Dynamic Factor index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an 8% annual call premium if the index closes at or above its call level on any annual call observation date. Call levels begin at 102.5% of initial level and step up by 2.5% per year.
If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
The notes will price on April 26 and settle on April 29.
The Cusip number is 40057LQC8.
© 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.