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GS Finance plans to price index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Aug. 23 – GS Finance Corp. plans to price 0% index-linked notes due June 2, 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 each index finishes at or above its initial level, the payout will be par plus 15%.
If either index falls, the payout will be par plus the return of the lesser performing index, subject to a minimum payout of 95% of par.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FYH2) will price on Aug. 27.
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