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GS Finance to price callable contingent coupon notes on Russell, S&P
By Marisa Wong
Morgantown, W.Va., Nov. 13 – GS Finance Corp. plans to price callable contingent coupon notes due Nov. 27, 2021 linked to the least 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 be guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent semiannual coupon at an annual rate of 5.55% to 6.05% if each index closes at or above 55% of its initial level on the observation date for the related semiannual period.
Beginning in May 2018, the notes are callable in whole at par on any coupon payment date.
The payout at maturity will be par plus the final coupon unless either index finishes below 55% of its initial level, in which case investors will be fully exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Nov. 17.
The Cusip number is 40054LYX6.
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