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GS Finance intends to price index-linked notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, July 26 – GS Finance Corp. plans to price 0% index-linked notes due Feb. 3, 2022 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.
If both indexes finish positive, the payout at maturity will be par plus the return of the lesser performing index, subject to a maximum payout of $1,120 per $1,000 principal amount.
If either index falls, investors will lose 1% for each 1% decline of the worst-performing index from its initial level, subject to a minimum payout of 95% of par.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FV36) will price on July 30.
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