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Goldman plans five-year contingent coupon callables tied to indexes
By Susanna Moon
Chicago, Aug. 31 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 15, 2022 linked to the least performing of 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 contingent quarterly coupon at an annual rate of 5% if each index closes at or above its 55% coupon barrier on review date for that quarter.
The notes are callable at par on any interest payment date beginning in September 2018.
The payout at maturity will be par unless either index finishes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Sept. 12.
The Cusip number is 40054LQM9.
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