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Goldman plans callable contingent coupon notes on Russell, S&P 500
By Susanna Moon
Chicago, Nov. 6 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Nov. 27, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.15% if each index closes at or above their barrier level, 60% of its initial level, on the determination date for that quarter.
The notes are callable at par on any coupon payment date after one year.
The payout at maturity will be par plus the contingent coupon if each index finishes at or above the 60% trigger level.
Otherwise investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. is the agent.
The notes will price on Nov. 23 and settle on Nov. 27.
The Cusip number is 38148THH5.
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