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GS Finance to price 4.25% callable buffered notes tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Sept. 25 – GS Finance Corp. plans to price 4.25% callable fixed-coupon buffered notes due Sept. 29, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
After one year, the notes are callable at par plus the coupon on any quarterly coupon payment date prior to maturity.
The payout at maturity will be par unless the index finishes below 85% of the initial level, in which case investors will lose 1% for every 1% decline beyond 15%.
Goldman, Sachs & Co. LLC is the agent.
The notes will price Sept. 26.
The Cusip number is 40054LSD7.
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