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Goldman plans callable contingent coupon notes on Russell, Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – The Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Nov. 13, 2021 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.1% if both indexes closes at or above their barrier level, 60% of its initial level, on the determination date for that quarter.
The notes are callable at par on any coupon payment date.
The payout at maturity will be par plus the contingent coupon if both index finish at or above the 60% trigger level. Otherwise investors will be fully exposed to any losses in the lesser performing index.
Goldman Sachs & Co. is the agent.
The notes will price on Nov. 9 and settle on Nov. 13.
The Cusip number is 38148THZ5.
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