Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
Goldman plans seven-year autocallables on Momentum Builder Multi-Asset
By Susanna Moon
Chicago, April 19 – GS Finance Corp. plans to price 0% autocallable notes due May 3, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9% if the index closes at or above its call level on any annual observation date. The call level will be 102.6% for the first call date, stepping up on each subsequent call date to a final level of 115.6% on April 19, 2023.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 19.
The Cusip number is 40054L6L3.
© 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.