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Goldman plans 7% contingent coupon callables linked to two indexes
By Susanna Moon
Chicago, Feb. 1 – GS Finance Corp. plans to price callable contingent coupon notes due Feb. 16, 2028 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 monthly coupon at an annual rate of 7% if each index closes at or above its 70% coupon barrier on the review date for that month.
The notes are callable at par on any monthly valuation date after one year.
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.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 13 and settle on Feb. 16.
The Cusip number is 40055AGS0.
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