| 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 plans autocallable knock-out equity notes linked to S&P 500
By Toni Weeks
San Diego, Jan. 31 - Goldman Sachs Group, Inc. plans to price 0% autocallable knock-out equity notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes (Cusip: 38143UP54) will mature 30 months after issue.
The notes will be called at par plus a call premium of 10% to 12% if the index closes at or above the initial level on the call observation date, which is expected to be 78 weeks after pricing.
A knock-out event occurs if the index finishes below 60% of the initial level.
If a knock-out event occurs, the payout at maturity will be par plus the index return, with exposure to losses.
Otherwise, the payout at maturity will be par plus 1.5 times any index gain, with a floor of par.
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.