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GS Finance to price index-linked trigger notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 27 – GS Finance Corp. plans to price 0% index-linked trigger notes due Sept. 15, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is equal to or greater than 70% of the initial level, the payout at maturity will be par plus 4.8%.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
The notes will price on Aug. 28.
The Cusip number is 40057CPU9.
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