| 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 intends to price autocallable notes linked to index, ETF
By Sarah Lizee
Olympia, Wash., June 18 – GS Finance Corp. plans to price autocallable notes due July 6, 2022 linked to the least performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 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 premium of 10.75% if each asset closes above its initial level on any annual autocall date.
If the final level of each asset is greater than or equal to its initial level, the payout will be par plus 32.25%.
If either asset falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing asset from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FPH2) will price June 28.
© 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.