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 to sell autocallables tied to Motif National Defense
By Devika Patel
Knoxville, Tenn., Oct. 17 – GS Finance Corp. intends to price 0% autocallable notes due Nov. 2, 2026 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.
Beginning Oct. 18, 2019, the notes will be called at par plus an annual call return of 11.3% if the index closes at or above its call level on any annual call observation date. The call level will be 101.5% of the initial level for the first call observation date, stepping up by 150 basis points each subsequent year to a final call level of 110.5% of the initial level for the seventh observation date on Oct. 20, 2025.
If the index return is positive, the payout at maturity will be par plus any index gain.
If the index falls or remains flat, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EBC1) will price on Oct. 18 and settle Oct. 23.
© 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.