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 plans contingent coupon autocallables on S&P, Russell
By Marisa Wong
Morgantown, W.Va., Feb. 19 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due March 18, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 1.9125% if each index closes at or above its coupon trigger level, 50% of the initial level, on the observation date for that quarter.
The payout at maturity will be par unless either index falls by more than 50%, in which case investors will be fully exposed to any losses of the worse performing index.
The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call observation date beginning in March 2017.
Goldman, Sachs & Co. is the agent
The notes will price on March 4 settle on March 9.
The Cusip number is 40054K3W4.
© 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.