| 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 eight-year autocallables tied to Motif National Defense
By Susanna Moon
Chicago, Dec. 1 – GS Finance Corp. plans to price 0% autocallable notes due Jan. 7, 2025 linked to the Motif Capital National Defense 7 ER 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 an annual call return of 10% if the index closes at or above its call level on any annual call observation date. The call level will be 105% of the initial level for the first call observation date, stepping up by 500 basis points on each subsequent year to a final call level of 130% of the initial level for the sixth observation date on Dec. 20, 2023.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes will price on Dec. 20.
The Cusip number is 40055A5L7.
© 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.