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 three indexes
By Sarah Lizee
Olympia, Wash., Sept. 26 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 12, 2023 linked to the Dow Jones Industrial Average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon at an annual rate of 5.45% if each index closes at or above 60% of its initial level on the observation date.
The notes are callable at par on any coupon payment date beginning in January 2019.
The payout at maturity will be par plus the final coupon unless any index closes below 60% of its initial level, in which case the payout will be par plus the return of the least-performing index with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 9 and settle on Oct. 12.
The Cusip number is 40056E2K3.
© 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.