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GS Finance to price contingent coupon autocallables on index, ETF
By Sarah Lizee
Olympia, Wash., April 29 – GS Finance Corp. plans to price autocallable contingent coupon notes due May 7, 2024 linked to the iShares China Large-Cap ETF and the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon of 9.5% per annum if each underlying closes at or above its 90% coupon trigger level on the related monthly determination date.
After one year, the notes will be called at par plus the contingent coupon if each underlying closes at or above its initial level on any monthly determination date.
The payout at maturity will be par unless either underlying finishes below 85% of its initial level, in which case investors will lose 1% for every 1% decline of the least performing underlying beyond 15%.
Goldman Sachs & Co. LLC is the agent.
The notes will price on April 30.
The Cusip number is 40056FDT9.
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