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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 7.5% contingent coupon callables on index, two funds
By Susanna Moon
Chicago, Feb. 8 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 2, 2019 linked to the least performing of the Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7.5% if each underlying component closes at or above its 60% coupon barrier on the review date for that month.
The notes will be called at par if each component closes at or above its initial level on any call observation date after one year.
The payout at maturity will be par unless any component finishes below its 60% trigger level, in which case investors will be exposed to any losses of the worst performing index or fund.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Feb. 16 and settle on Feb. 22.
The Cusip number is 40055AHR1.
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