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 Sachs plans trigger autocallable notes linked to Russell 2000
By Susanna Moon
Chicago, June 22 – Goldman Sachs Group, Inc. plans to price 0% trigger autocallable optimization securities due June 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date beginning in July 2016.
If the index finishes at or above the initial level, the payout at maturity will be par plus 40%, or $14.00 per $10.00 principal amount of notes.
If the index falls by up to the trigger level, which will be 80% to 85% of the initial index level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the agent.
The notes will price on June 26 and settle on June 30.
The Cusip number is 38148W805.
© 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.