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 eyes callable contingent coupon notes on Russell, S&P
Chicago, Dec. 5 – GS Finance Corp. plans to price callable contingent coupon notes due Dec. 14, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent semiannual coupon at an annual rate of between 6.25% and 6.75% if both indexes close at or above 55% of their respective initial levels on the respective coupon determindation date.
Beginning in June 2019 and ending in June 2022, the notes are callable at par plus any contingent coupon on any semiannual coupon payment date.
The payout at maturity will be par if the least performing index closes at or above 55% of its initial level. Otherwise, investors will be subject to the losses of the least performing index.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EKY3) will price on Dec. 21 and settle on Dec. 31.
© 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.