Goldman Sachs plans contingent coupon autocallables tied to Twitter

By Toni Weeks

San Luis Obispo, Calif., March 5 – Goldman Sachs Group, Inc. plans to price contingent coupon autocallable equity-linked notes due March 22, 2018 linked to Twitter, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.5% if the stock closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the agent.

The notes will price March 17 and settle March 20.

The Cusip number is 38147QW93.

© 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.