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Goldman plans contingent coupon autocallables linked to two indexes
By Susanna Moon
Chicago, Jan. 5 – GS Finance Corp. plans to price autocallable contingent coupon notes due Feb. 3, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 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 8.5% if each index closes above its 70% coupon barrier level on the observation date for that quarter.
The notes will be called at par if each index close at or above its initial level on any review date from January 2018 to and including October 2026.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% knock-in level, in which case investors will be fully exposed to the losses of the worse performing index.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will price on Jan. 27 and settle on Jan. 31.
The Cusip number is 40054KTN6.
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