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GS Finance plans autocallable index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., June 7 – GS Finance Corp. plans to price 0% index-linked notes due Jan. 3, 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus between 1.15 and 1.25 times the return of the lesser performing index.
If either index declines by up to 30%, the payout at maturity will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FND3) will price June 28.
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