Goldman to price contingent coupon autocallables on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – GS Finance Corp. plans to price callable autocontingent coupon index-linked notes due Feb. 28, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 9% to 10.5% if each index closes at or above its coupon trigger level, 70% of its initial level, on the valuation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if both indexes close at or above their initial levels on any quarterly valuation date after six months.

The payout at maturity will be par plus the contingent coupon, if any, unless either index has closed below its 70% trigger level any day during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed to the decline of the worse performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 40054KVF0.

© 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.