Goldman plans callable contingent coupon notes linked to three indexes

By Susanna Moon

Chicago, Feb. 9 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due Aug. 15, 2018 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at an annual rate of 9% if each index closes at or above its 55% coupon barrier level on the determination date for that quarter.

The notes will be callable at par on any coupon payment date.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 55% trigger level in which case investors will be fully exposed to any losses of the worse performing index.

The exact terms will be set at pricing.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Feb. 10 and settle on Feb. 16.

The Cusip number is 40054K3D6.

© 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.