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Goldman plans 60-month callable contingent coupon notes tied to indexes
By Susanna Moon
Chicago, June 29 – GS Finance Corp. plans to price 60-month callable contingent coupon notes linked to the Russell 2000 index and 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.
The notes will pay a contingent quarterly coupon at an annual rate of 8.6% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.
The notes will be callable at par plus the contingent coupon on any interest payment date beginning July 2017.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40054KET9.
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