Goldman plans 11% contingent coupon callables linked to Facebook

By Susanna Moon

Chicago, Aug. 20 – GS Finance Corp. plans to price callable contingent coupon equity-linked notes due Aug. 27, 2020 linked to Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if the underlying stock closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Aug. 22.

The Cusip number is 40055QTT9.

© 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.