Goldman plans contingent yield trigger autocallables tied to indexes

By Susanna Moon

Chicago, Oct. 24 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due Nov. 1, 2027 linked to the lesser performing of the MSCI Emerging Markets index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6% to 7% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Oct. 27.

The Cusip number is 36254F210.

© 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.