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GS Finance to price callable contingent coupon notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, March 1 – GS Finance Corp. plans to price callable contingent coupon notes due March 31, 2021 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 are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a quarterly coupon at an annual rate of 9% if each index closes above 60% of its initial level on the observation date for that quarter.
After one year, the notes will be callable at par plus any coupon due on any payment date.
The payout at maturity will be par plus the final coupon, unless either index closes below 60% of its initial level, in which case investors will be fully exposed to the loss of the worse performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on March 29 and settle on March 31.
The Cusip number is 40054K4N3.
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