| 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 range accrual notes linked to S&P 500, Libor
By Angela McDaniels
Tacoma, Wash., Jan. 13 – GS Finance Corp. plans to price callable quarterly range accrual notes due Feb. 1, 2032 linked to six-month Libor and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The interest rate will be 6% multiplied by the proportion on days on which the index’s closing level is greater than or equal to the index trigger level, 75% of the initial index level, and six-month Libor is 5% or less. Interest will be payable monthly.
The payout at maturity will be par.
Beginning Feb. 1, 2018, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes will price Jan. 27.
The Cusip number is 40054KU95.
© 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.