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Prospect News home > News index > List of issuers I > Headlines for iShares MSCI EAFE exchange-traded fund > News item |
Goldman plans 7% contingent coupon autocallables tied to index, fund
By Susanna Moon
Chicago, Nov. 17 – GS Finance Corp. plans to price autocallable contingent coupon notes due May 29, 2025 linked to lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each underlying component closes at or above its 80% coupon barrier on the observation for that quarter.
The notes will be called at par if each component closes at or above its initial level on any interest payment date after one year.
The payout at maturity will be par the contingent coupon unless either underlying component falls by more than 20%, in which case investors will be fully exposed to any losses of the worse performing index or fund beyond the buffer.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Nov. 21.
The Cusip number is 40055A4H7.
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