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 S&P, Russell
By Marisa Wong
Morgantown, W.Va., Jan. 23 – GS Finance Corp. plans to price callable contingent coupon notes due Jan. 27, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 7.3% if each index closes at or above 60% of its initial level on the determination date for that quarter.
The notes are callable at par on any coupon payment date from January 2018 up to October 2021.
The payout at maturity will be par plus the contingent coupon, if any, unless either index finishes below 50% of its initial level, in which case investors will be fully exposed to the decline of the worse performing index.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
The notes will price on Jan. 24.
The Cusip number is 40054KUK0.
© 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.