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Goldman plans callable contingent coupon notes linked to Russell, S&P
By Susanna Moon
Chicago, Aug. 3 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 31, 2026 linked to the Russell 2000 index and 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.
The notes will pay a contingent quarterly coupon at an annual rate of 4.25% if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter.
The notes will be callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par plus the contingent coupon.
Goldman Sachs & Co. is the underwriter.
The notes will price on Aug. 29 and settle on Aug. 31.
The Cusip number is 40054KGW0.
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