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Goldman plans contingent coupon autocallables on S&P 500, Russell
By Susanna Moon
Chicago, Oct. 8 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon index-linked notes due Nov. 14, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a continent quarterly coupon at an annual rate of 7.35% if each index closes at or above its 60% coupon barrier level on the determination date for that quarter.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any coupon determination date beginning October 2016.
The payout at maturity will be par plus the contingent coupon unless either index finishes below 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on Oct. 28 and settle on Oct. 30.
The Cusip number is 38148TG45.
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