Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Goldman Sachs plans autocallable index-linked notes tied to Stoxx 50
By Sarah Lizee
Olympia, Wash., April 26 – GS Finance Corp. plans to price 0% autocallable index-linked notes due May 16, 2022 linked to the Euro Stoxx 50 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 a premium if the index closes at or above the initial index level on either annual call date. The call premium will increase will be 9.55% per year.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 28.65%.
If the index declines by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes will price on May 9.
The Cusip number is 40056FD93.
© 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.