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Prospect News home > News index > List of issuers I > Headlines for iShares MSCI EAFE exchange-traded fund > News item |
GS Finance to sell contingent coupon callables on Russell, S&P, EAFE
New York, March 27 – GS Finance Corp. plans to price callable contingent coupon underlier-linked notes due in 48 months linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 9.2% to 10.2% if each underlier closes at or above its 75% coupon barrier on every trading day during the quarter.
GS Finance may redeem the notes, in whole but not in part, at par plus any coupon on any coupon payment date beginning in October 2018 and ending in January 2022.
The payout at maturity will be par plus the final coupon if all three underliers finish at or above their downside thresholds, 60% of their initial levels. Otherwise investors will lose 1% for each 1% decline of the lesser performing undlier from its initial level.
Goldman Sachs & Co. is the agent.
The Cusip number is 40055ATQ0.
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