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Goldman plans contingent coupon autocallables tied to S&P 500, Russell
By Susanna Moon
Chicago, April 6 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Nov. 2, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 5% to 5.75% if each index closes at or above its 70% coupon barrier on the valuation date for that quarter.
The notes are callable at par plus any contingent coupon due on any interest payment date from October 2017 through July 2018.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
The notes will price on April 26.
The Cusip number is 40054L5H3.
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