Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Goldman plans callable quarterly range accrual notes tied to indexes
By Jennifer Chiou
New York, Dec. 5 – Goldman Sachs Group, Inc. plans to price callable quarterly index-linked range accrual notes due Dec. 11, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 6.5% multiplied by the proportion of days on which each index closes at or above 60% of its initial level. Interest will be payable quarterly.
The notes will be callable at par plus accrued interest on any quarterly interest payment date beginning on March 11, 2015.
If the notes are not called, the payout at maturity will be par if each index finishes at or above 60% of its initial level. If the index return of either index is less than negative 40%, investors will be fully exposed to the decline of the lesser-performing index.
The notes (Cusip: 38147QQ58) will price on Dec. 8 and settle on Dec. 11.
Goldman Sachs & Co. is the agent.
© 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.