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GS Finance to price callable contingent coupon notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. plans to price callable contingent coupon notes due April 12, 2019 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 guaranteed by Goldman Sachs Group, Inc.
The notes will pay a quarterly coupon at an annual rate of 8% if each index closes above the 70% coupon barrier level on the observation date for that quarter.
The notes will be callable at par plus any coupon due on any payment date.
If both indexes close above the 70% barrier, the payout at maturity will be par plus the final coupon; if either index falls by more than 30% but not by more than 31%, the payout will be par. Otherwise, investors will be fully exposed to the loss of the worse performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on April 7 and settle on April 12.
The Cusip number is 40054KAF3.
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