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Goldman Sachs plans knock-out notes linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, April 19 - Goldman Sachs Group, Inc. plans to price 24-month 0% index-linked knock-out notes linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if either index ever closes below the 60% trigger during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of any gain on the least-performing index and a contingent minimum return of 16% to 20%. The exact percentage will be set at pricing.
If a knock-out event occurs, investors will receive par plus the return of the least-performing component.
Goldman, Sachs & Co. is the agent.
The Cusip number is 38143U2Q3.
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