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 autocallable notes on FTSE 100, S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Aug. 15, 2019 linked to the FTSE 100 index and the S&P 500 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 a premium of 10.25% a year if both indexes close at or above their initial levels on the first annual review date and at or above 95% of their initial levels on the second annual review date.
The payout at maturity will be par plus 30.75% if both indexes finish at or above 90% of their initial levels.
If either index falls by more than 10%, but not by more than 25%, the payout will be par. Otherwise, investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KHH2) will price on Aug. 30.
© 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.