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Goldman plans four-year notes with step, trigger linked to S&P 500
By Susanna Moon
Chicago, July 7 – GS Finance Corp. plans to price 0% notes due July 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be the greater of any gain and the threshold settlement amount of $1,240 to $1,280 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below 70% trigger level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on July 25.
The Cusip number is 40054LHA5.
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