| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for SPDR S&P Bank ETF > News item |
GS Finance plans callable contingent coupon notes on SPDR S&P Bank ETF, Nasdaq
Chicago, April 15 – GS Finance Corp. plans to price callable contingent coupon notes due April 19, 2023 linked to the SPDR S&P Bank ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent monthly coupon at an annualized rate of 6.15% if each asset closes at or above 60% of its initial level on the related observation date.
The notes are callable at par on any observation date after one year.
The payout at maturity will be par plus the final coupon unless any asset finishes below 60% of its initial level, in which case investors will be exposed to the decline of the least performing asset.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on April 16 and settle April 19.
The Cusip number is 40056FBB0.
© 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.