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Goldman plans callable contingent coupon notes linked to S&P, Russell
By Susanna Moon
Chicago, March 4 – GS Finance Corp. plans to price callable contingent coupon notes due March 31, 2018 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 are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a quarterly coupon at an annual rate of 8.5% if each index closes above the 70% coupon barrier level on the observation date for that quarter.
The notes will be callable at par plus any coupon due on any payment date.
The payout at maturity will be par unless either index finishes below the 70% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on March 29 and settle on March 31.
The Cusip number is 40054K5F9.
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