Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares MSCI EAFE exchange-traded fund > News item |
GS Finance eyes callable contingent coupon notes tied to indexes, ETF
By Devika Patel
Knoxville, Tenn., Jan. 29 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 4, 2020 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, 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 quarterly coupon at an annual rate of 7.9% if each underlying closes at or above the coupon barrier level, 85% of its initial level, on the coupon payment date for that quarter.
Beginning in August 2018 and ending in May 2020, the notes are callable in whole but not in part at par plus any contingent coupon on any coupon payment date.
The payout at maturity will be par plus the final coupon, if any, unless any underlying finishes below the downside threshold, 70% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing underlying from its initial level.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055AH26) will price on Jan. 30 and settle Feb. 2.
© 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.