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 autocallable index-linked notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., Oct. 7 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Oct. 18, 2024 tied to the Russell 2000 index 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 15.375% annualized premium if both indexes close at or above their initial index levels on any annual observation date.
If both indexes finish at or above their initial levels, the payout at maturity will be par plus 61.5%.
If either index falls but neither falls by more than 40%, the payout will be par.
Otherwise, investors will be exposed to the decline of the lesser performing index.
Goldman Sachs & Co. is the agent.
The notes will price on Oct. 11.
The Cusip number is 40056XJJ6.
© 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.