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GS Finance plans to price autocallable index-linked notes on S&P MidCap 400
By Emma Trincal
New York, April 18 – GS Finance Corp. plans to price 0% autocallable index-linked notes due May 4, 2026 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 15% if the index closes at or above its initial level on April 29, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 215% of the index gain.
If the index is flat or declines by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes will price on April 27 and settle on May 2.
The Cusip number is:40057RHR2.
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