GS Finance eyes callable contingent coupon notes tied to Russell, S&P

Chicago, Dec. 28 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due Jan. 31, 2034 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent monthly coupon at an annual rate of between 8.1% and 9.1% if each index closes at or above the coupon trigger level, 70% of its initial level, on the observation date for that month. The exact coupon will be set at pricing.

The notes may be redeemed in whole but not in part at par plus any coupon on any coupon date beginning July 2019 and ending December 2033.

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

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056ERG5) will price on Jan. 29 and settle Jan. 31.

© 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.