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Goldman plans 9.4% contingent income autocalls tied to Amazon
By Susanna Moon
Chicago, Aug. 22 – GS Finance Corp. plans to price contingent income autocallable securities due Sept. 3, 2021 linked to Amazon.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.4% if the stock closes at or above the 75% downside threshold on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any of the first 11 determination dates.
The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Aug. 31.
The Cusip number is 36255U661.
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