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GS Finance to price index-linked notes linked to S&P, Russell
By Sarah Lizee
Olympia, Wash., March 4 – GS Finance Corp. plans to price 0% index-linked notes due Dec. 30, 2021 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.
If the final index level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the lesser performing index, capped at between $1,175 and $1,205 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index, subject to a minimum payout of 95% of par.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EYY8) will price on March 26.
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