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 monthly range accrual notes on S&P 500
By Marisa Wong
Madison, Wis., Feb. 3 – Goldman Sachs Group, Inc. plans to price callable monthly S&P 500 index-linked range accrual notes due Aug. 27, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6.15% for each day that the index closes at or above the 80% coupon barrier level. Interest is payable monthly.
The notes will be callable at par on any interest payment date beginning on Feb. 27, 2016.
The payout at maturity will be par unless the index finishes below the 80% trigger level, in which case investors will be fully exposed to losses.
Goldman Sachs & Co. is the agent.
The notes are expected to settle on Feb. 27.
The Cusip number is 38147QTQ9.
© 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.