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GS Finance to price index-linked notes due 2023 tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., May 30 – GS Finance Corp. plans to price 0% index-linked notes due June 29, 2023 tied to 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.
The payment at maturity will be par plus 1.25 times to 1.35 times any gain in the lesser performing index.
If either index falls but the return of each index is at least negative 35%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 35%, investors will be fully exposed to the decline of the worse performing index.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QC83) will price June 26 and settle June 29.
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