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GS Finance to price callable contingent coupon notes on Russell, S&P
By Tali Rackner
Norfolk, Va., Jan. 12 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due Jan. 29, 2031 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 9% if each index closes at or above 65% of its initial level on the observation date for that quarter.
Beginning in January 2017, the notes will be callable on any contingent coupon payment date.
The payout at maturity will be par plus the contingent coupon if both indexes finish at or above 65% of their initial levels. Otherwise investors will be fully exposed to the loss of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on Jan. 27 and settle on Jan. 29.
The Cusip number is 40054CBG8.
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