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Goldman plans contingent coupon autocallables on Russell, S&P 500
By Toni Weeks
San Luis Obispo, Calif., June 2 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due July 11, 2025 linked to the S&P 500 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 50% coupon barrier level on a determination date for that quarter. The exact coupon will be set at pricing.
If each index closes at or above its initial level on any interest payment date after one year, the notes will be called at par plus the coupon.
The payout at maturity will be par plus the contingent coupon if each index finishes at or above the 50% barrier level. Otherwise, investors will be fully exposed to the decline of the worst-performing index.
Goldman Sachs & Co. is the agent.
The notes will price June 26 and settle June 30.
The Cusip number is 38148T4Q9.
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