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Goldman Sachs plans buffered autocallables linked to S&P 500, Russell
By Toni Weeks
San Diego, Sept. 1 - Goldman Sachs Group, Inc. plans to price 0% autocallable buffered index-linked notes linked 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 expected to mature 18 months after issue.
The notes will be automatically called at par plus a call premium of 3% to 3.5% if the level of the worst-performing index is above its initial level on any of five quarterly call observation dates. The exact call premium will be set at pricing.
If the notes are not called and the closing level of the worst-performing index on a quarterly observation date is at least 70% of the initial level, investors will receive a coupon payment of 3% to 3.5% for that interest period. Interest is payable quarterly.
The payout at maturity will be par plus a premium of 3% to 3.5% unless the worst-performing index falls by more than 30% from its initial level, in which case investors will receive par plus the return of the worst-performing index.
The exact terms will be set at pricing.
The Cusip is 38143UC66.
Goldman Sachs & Co. is the agent.
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