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Published on 6/21/2018 in the Prospect News Structured Products Daily.

GS Finance plans to price index-linked notes on S&P, Russell indexes

By Devika Patel

Knoxville, Tenn., June 21 – GS Finance Corp. plans to price 0% index-linked notes due July 1, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payment at maturity will be par plus 1.53 times any gain in the lesser performing index. Investors will receive par if the lesser performing index falls by up to 50% and will lose 1% for each 1% decline of the lesser performing index from its initial level if it finishes below 50% of its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QGU0) will price June 22 and settle June 29.


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