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GS Finance to price autocallable index-linked notes on S&P, Stoxx
By Wendy Van Sickle
Columbus, Ohio, May 9 – GS Finance Corp. plans to price autocallable index-linked notes due May 31, 2019 linked to the S&P 500 index and the Euro Stoxx 50 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 called at par plus a return of 12.3% a year if each indexes closes at or above its initial level on June 7, 2017 or above 95% of its initial level on May 25, 2018.
If the notes are not called and each index closes at or above 90% of its initial level, the payout at maturity will be fixed at $1,369 per $1,000 note. If either index falls by more than 10% but neither falls by more than 25%, the payout will be par. If either index falls by more than 25%, investors will have full exposure to the decline of the lesser-performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on May 25 and settle on May 31.
The Cusip number is 40054KCB0.
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