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 0% five-year autocalls tied to Stoxx 50, Russell 2000
By Susanna Moon
Chicago, Sept. 11 – GS Finance Corp. plans to price 0% autocallable notes due Oct. 2, 2023 linked to the lesser performing of 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 10.75% to 11.75% if each index closes at or above its initial level on any call observation date after one year.
If each index finishes at or above its initial level, the payout at maturity will be $1,537.50 to $1,587.50 for each $1,000 principal amount.
If either index falls by up to its 60% downside threshold, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Sept. 26.
The Cusip number is 40055QXE7.
© 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.