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Goldman Sachs plans digital index-linked notes linked to S&P, Russell
New York, May 10 – GS Finance Corp. plans to price digital index-linked notes due May 26, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If both indexes finish at or above their initial levels, the payout at maturity will be par plus 7.2%.
If either index declines but both finish above at or above 70% of their initial levels the payout at maturity will be par.
Otherwise investors will be exposed to the loss of the lesser performing index from its initial level.
Goldman Sachs & Co. is the underwriter. Incapital is distributor.
The notes will price on May 19 and settle on May 26.
The Cusip is 40054LC93.
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