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Goldman plans 7.5%-8.5% contingent coupon callables on three indexes
By Susanna Moon
Chicago, May 9 – GS Finance Corp. plans to price callable contingent coupon notes due May 31, 2028 linked to the least performing of S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.5% to 8.5% if each index closes at or above its 60% coupon barrier on the observation date for that quarter. The exact contingent coupon will be set at pricing.
The notes are callable at par on any review date after six months.
The payout at maturity will be par unless any underlying index closes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on May 29 and settle on May 31.
The Cusip number is 40055Q4B5.
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