Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
GS Finance plans to price callable contingent coupon notes on indexes
By Sarah Lizee
Olympia, Wash., May 20 – GS Finance Corp. plans to price callable contingent coupon notes due May 24, 2024 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 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 5.75% if each index closes at or above its 70% coupon trigger level on the determination date for that month.
The notes will be callable at par plus any contingent coupon on any coupon payment date beginning in May 2020.
The payout at maturity will be par plus any coupon, unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to any decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
The notes will price on May 21.
The Cusip number is 40056FJ22.
© 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.