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Goldman plans contingent coupon autocallables tied to S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., April 6 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due May 12, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index closes at or above the 75% coupon barrier level on a quarterly review date, the notes will pay a coupon at an annualized rate of 7.6% for that interest period.
If each index closes at or above its initial level on any quarterly determination date after one year, the notes will be called at par plus the coupon.
If the notes have not been called and each index finishes at or above the 75% coupon barrier level, the payout at maturity will be par plus the contingent coupon.
If either index finishes below the coupon barrier but each index finishes at or above the 65% trigger level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worst-performing index.
Goldman Sachs & Co. is the agent.
The notes will price April 28 and settle April 30.
The Cusip number is 38147QYQ3.
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