Goldman plans contingent income autocallables linked to HCA

By Susanna Moon

Chicago, June 17 – GS Finance Corp. plans to price contingent income autocallable securities due June 27, 2019 linked to HCA Holdings, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if HCA shares close at or above the downside threshold level, 80% of the initial share price, on a determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if HCA shares close at or above the initial share price on any of the first 11 coupon determination dates.

The payout at maturity will be par plus the final contingent coupon unless HCA stock finishes below the 80% downside threshold, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on June 24.

The Cusip number is 36250Y312.

© 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.