| 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 five-year trigger autocallables tied to Stoxx 50, Russel
By Susanna Moon
Chicago, Jan. 9 – GS Finance Corp. plans to price 0% autocallable notes due Feb. 6, 2023 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10% to 11% if each index closes at or above its initial level on any quarterly review date beginning Aug. 6, 2018.
If each index closes at or above its initial level, the payout at maturity will be $1,500 to $1,550 for each $1,000 principal amount.
If either index falls but by no more than 40%, the payout will be par.
If either index finishes below its 60% trigger level, investors will lose 1% per 1% decline of the worse performing index.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Jan. 29 and settle on Jan. 31.
The Cusip number is 40055ADS3.
© 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.