Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Momentum Builder Multi-Asset 5S ER index > News item |
GS Momentum to sell autocallables due 2025 on GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., May 23 – GS Finance Corp. plans to price 0% autocallable notes due June 10, 2025 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 11% if the index closes at or above its call level on any annual review date. The call level will be 103% of the initial level for the May 24, 2019 review date, stepping up by 300 basis points on each subsequent call review date up to 118% of the initial level on the May 24, 2024 final review date.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes will price on May 24.
The Cusip number is 40055Q3P5.
© 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.