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Goldman plans 6% contingent coupon autocalls tied to Russell, Stoxx
By Susanna Moon
Chicago, Jan. 16 – GS Finance Corp. plans to price autocallable contingent coupon notes due July 31, 2025 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 6% if each index closes at or above its 80% coupon barrier on the review date for that month.
The notes will be called at par if each index closes at or above its initial level on any interest payment date after one year.
The payout at maturity will be par unless either index falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index beyond the buffer.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Jan. 24 and settlement on Jan. 29.
The Cusip number is 40055AF85.
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