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GS Finance to price index-linked notes on S&P 500, Russell 2000
New York, April 4 – GS Finance Corp. plans to price 0% index-linked notes due Nov. 3, 2021 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 are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.3 to 1.4 times the return of the lesser performing index. The exact leverage factor will be set at pricing.
If either index falls but the return of each index is at least negative 30%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index.
Goldman, Sachs & Co. is the underwriter.
The notes will price on April 30 and settle on May 3.
The Cusip number is 40055AWV5.
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