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GS Finance plans to price index-linked notes linked to the S&P 500
By Emma Trincal
New York, July 6 – GS Finance Corp. plans to price 0% index-linked notes expected to mature on July 24, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is positive, the payout at maturity will be par plus the index gain, subject to a maximum return of par plus 25.01%.
Otherwise, the payout will be par.
The final level will be the average of the index closing prices on five averaging dates expected to be July 15, 16, 17, 18, and 21, 2025.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
The notes are expected to price on July 21 and settle on July 26.
The Cusip number is 40057ML56.
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