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 contingent income callable notes linked to S&P 500
By Susanna Moon
Chicago, July 1 – GS Finance Corp. plans to price contingent income callable securities due July 20, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.65% if the index closes at or above its coupon barrier level, 75% of its initial index level, on the determination date for that quarter.
The notes will be callable at par plus the contingent coupon on any interest payment date beginning July 20, 2017.
The payout at maturity will be par plus the final contingent coupon unless the index finishes below its 60% downside threshold level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on July 15.
The Cusip number is 40054KEU6.
© 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.