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Goldman plans contingent coupon autocallables on Russell, Euro Stoxx 50
By Susanna Moon
Chicago, July 24 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due Aug. 12, 2025 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 5.45% if each underlying index closes at or above the 70% coupon barrier level on a determination date for that quarter. The exact coupon will be set at pricing.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any interest payment date after one year.
If each index finishes at or above the 70% coupon barrier, the payout at maturity will be par plus the contingent coupon.
If each index finishes below the 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
Goldman Sachs & Co. is the agent.
The notes will price on July 29 and settle on July 31.
The Cusip number is 38148TAT6.
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