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 |
GS Finance to price callable buffered range accrual notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – GS Finance Corp. plans to price callable buffered monthly index-linked range accrual notes due Feb. 28, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
Interest will accrue at 5.15% annualized for each day that the index closes at or above the barrier level, 80% of the initial index level. Interest will be payable monthly.
The payout at maturity will be par unless the index finishes below the 20% buffer, in which case investors will be exposed to any loss beyond the buffer.
The notes will be callable at par on any interest payment date after one year.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 25 and settle on Feb. 29.
The Cusip number is 40054K2Z8.
© 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.