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Goldman Sachs plans index-linked notes tied to S&P 500, Russell 2000
By Toni Weeks
San Diego, July 12 - Goldman Sachs Group, Inc. plans to price 0% index-linked notes 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 expected to mature two years after issue.
A knock-out event occurs if the closing level of either index has declined by more than 40% during the life of the notes.
If a knock-out event occurs, the payout at maturity will be par plus the return of the lesser-performing index.
Otherwise, investors will receive par plus the greater of the lesser-performing index return and a contingent minimum return of 17% to 19% that will be set at pricing.
The Cusip is 38143U4U2.
Goldman Sachs & Co. is the agent.
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