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Goldman plans trigger autocallable contingent yield notes on indexes
By Susanna Moon
Chicago, May 9 – GS Finance Corp. plans to price 0% trigger autocallable contingent yield notes due May 17, 2027 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 be guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 6.15% to 7.15% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
Goldman Sachs & Co. is the agent.
The notes will price on May 12.
The Cusip number is 36251V655.
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