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Goldman plans 9.5%-10.5% contingent coupon autocalls on three indexes
New York, April 25 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 9, 2019 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 9.5% to 10.5% if each index closes at or above its 70% coupon trigger on the observation date for that quarter.
Starting in November 2018, the notes will be called at par if each index closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless any underlying index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on May 31 and settle on June 5.
The Cusip number is 40055AZE0.
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