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GS Finance to price one-year autocallable notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., March 22 – GS Finance Corp. plans to price 0% autocallable notes due April 10, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annualized call return of 11.5% if the index closes at or above its initial level on any of three quarterly call observation dates.
If the index finishes at or above its initial level, the payout will be par plus 11.5%.
If the index falls but finishes at or above 90% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on March 23.
The Cusip number is 40055AT56.
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