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 callable contingent coupon notes on S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., Jan. 9 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Jan. 22, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index closes at or above the 60% coupon barrier level on a semiannual review date, the notes will pay a coupon at an annualized rate of 7% for that interest period.
The notes will be callable at par plus the coupon on any semiannual determination date after one year.
If each index finishes at or above the 60% coupon barrier level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses of the worst-performing index.
Goldman Sachs & Co. is the agent.
The notes will price Jan. 20 and settle Jan. 22.
The Cusip number is 38147QRU2.
© 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.