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GS Finance to price autocallable absolute return trigger notes on S&P
By Sarah Lizee
Olympia, Wash., Oct. 16 – GS Finance Corp. plans to price 0% autocallable absolute return trigger notes due in 36 to 39 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 83% of the initial underlier level or increases above the upper barrier of 128.5% to 133.44% of the initial underlier level. The exact barriers will be set at pricing.
If the notes are not called prior to maturity, the payout will be par plus the absolute value of the index return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40056EA65.
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