Goldman plans contingent yield trigger autocallables tied to indexes

By Susanna Moon

Chicago, Jan. 19 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due Jan. 30, 2020 linked to the MSCI Emerging Markets index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 9% if each index closes at or above its coupon barrier, 70% of its initial level, on a quarterly observation date.

The notes will be called at par if each index closes at or above its initial level on any observation date after six months.

The payout at maturity will be par unless either index finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on Jan. 27.

The Cusip number is 36251U723.

© 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.