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Goldman plans five-year autocallable notes linked to S&P, Russell
By Susanna Moon
Chicago, April 11 – GS Finance Corp. plans to price 0% autocallable index-linked notes due May 2, 2023 tied 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 called at par plus an annual call return of 8.5% to 10% if the index closes at or above its call level on any annual call observation date after one year.
If each index finishes at or above its initial level, the payout at maturity will be between $1,425 and $1,500 for each $1,000 principal amount.
If either index falls but finishes at or above its 60% knock-out level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 25 and settle on April 30.
The Cusip is 40055AWB9.
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