GS Finance plans callable contingent coupon notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Dec. 11 – GS Finance Corp. plans to price callable contingent coupon notes due Jan. 3, 2029 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of between 7.5% and 8% if both indexes close at or above 72.5% of their respective initial levels on the respective coupon determination date.

Beginning in January 2020 and ending in October 2028, the notes are callable at par plus any contingent coupon on any coupon payment date.

The payout at maturity will be par if the least performing index closes at or above 50% of its initial level. Otherwise, investors will be subject to the losses of the least performing index.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EMM7) will price on Dec. 28 and settle on Jan. 3.

© 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.