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GS Finance plans 1.25%-1.5% notes linked to GS Momentum Builder index
By Marisa Wong
Morgantown, W.Va., May 13 – GS Finance Corp. plans to price 1.25% to 1.5% notes due May 29, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable annually. The exact rate will be set at pricing.
If the index return is greater than 8.75% to 10.5% (with the exact percentage to be set at pricing), the payout at maturity will be par of $1,000 plus 1.25 times the difference of the index return minus 8.75% to 10.5%.
If the index return is less than 8.75% to 10.5%, the payout at maturity will be par.
Goldman Sachs & Co. is the agent.
The notes will price May 25 and settle May 31.
The Cusip number is 40054KBW5.
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