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Goldman plans trigger callable contingent yield notes tied to indexes
By Susanna Moon
Chicago, Aug. 18 – GS Finance Corp. plans to price trigger callable contingent yield notes due Aug. 24, 2026 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 7.75% to 8.25% if each index closes at or above its coupon barrier level, 70% of its initial level, on each day during the quarterly observation period.
The notes will be callable at par on any coupon payment date.
The payout at maturity will be par unless either index finishes below its 50% downside threshold 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 Aug. 19 and settle on Aug. 24.
The Cusip number is 36250Y569.
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