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GS Finance plans 4% callable fixed-coupon buffered notes on S&P 500
By Sarah Lizee
Olympia, Wash., March 27 – GS Finance Corp. plans to price 4% callable fixed-coupon buffered notes due April 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The payout at maturity will be par unless the index finishes below 85% of the initial level, in which case investors will lose 1% for every 1% decline beyond 15%.
The notes are callable at par on any coupon payment date beginning in April 2020.
Goldman Sachs & Co. is the agent.
The notes will price on April 25.
The Cusip number is 40056F6A8.
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