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GS Finance plans to price index-linked notes tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., July 10 – GS Finance Corp. plans to price 0% index-linked notes due Aug. 5, 2024 tied 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.
If each index closes at or above its initial level, the payout at maturity will be $1,365 per $1,000 of notes.
If either index falls but finishes at or above 60% of its initial level, the payout at maturity will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 40%, investors will lose 1% for each 1% decline of the lesser performing index.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FT96) will price July 31.
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