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 eyes autocallable contingent coupon notes on three indexes
By Sarah Lizee
Olympia, Wash., June 12 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Oct. 2, 2020 linked to the S&P 500 index, the Euro Stoxx 50 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 quarterly coupon at an annual rate of 7.15% to 8.15% if each index closes at or above the coupon trigger level, 70% of its initial level, on the review date for that quarter.
Beginning in September 2019 and ending in June 2020, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any coupon observation date.
The payout at maturity will be par unless any index ever closes below its 70% trigger level during the life of the notes and any index finishes below its initial level, in which case investors will have full exposure to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FL78) will price on June 25.
© 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.