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GS Finance to price callable contingent coupon notes on Russell, Stoxx
By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. plans to price callable contingent coupon notes due May 2, 2029 linked to the Russell 2000 index and the Euro Stoxx 50 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 annual rate of 8.4% if each index closes at or above its coupon trigger level, 75% of its initial level, on the observation date for that period.
The notes will be callable at par on any coupon payment date after six months.
If the notes are not called, the payout at maturity will be par plus any coupon unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the lesser performing index.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price April 29.
The Cusip number is 40056FD44.
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