Goldman plans 10-year callable range accrual notes tied to S&P, Libor

By Susanna Moon

Chicago, May 22 - Goldman Sachs Group, Inc. plans to price 10-year callable monthly range accrual notes linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will accrue at 7% for each day that the index closes above the 72.5% to 77.5% trigger level and six-month Libor is 6% or less. Interest will be payable monthly. The exact trigger level will be set at pricing.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after one year.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38143UV73.

© 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.