| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Goldman Sachs plans 15-year range accrual notes tied to S&P 500
By Toni Weeks
San Diego, Sept. 14 - Goldman Sachs Group, Inc. plans to price callable quarterly index-linked range accrual notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 15 years after issue.
The coupon will be 8% for the first year. After that, interest will accrue at 8% per year multiplied by the proportion of days on which the index closes above the trigger level of 67% to 72% of the initial level. Interest is payable quarterly. The exact trigger level will be set at pricing.
The payout at maturity will be par.
After one year, the notes will be callable at par on any interest payment date.
The Cusip is 38143UD81.
Goldman Sachs & Co. is the underwriter.
© 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.