| 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 callable contingent coupon notes on Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due Feb. 28, 2019 linked to the Russell 2000 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes will pay a coupon at an annualized rate of 8% if each index closes at or above 65% of its initial level on the observation date for that quarter.
The notes are callable at par on any interest payment date.
If each index finishes at or above 65% of its initial level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on Feb. 25 and settle on Feb. 29.
The Cusip number is 40054K2V7.
© 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.