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GS Finance plans to price index-linked notes on S&P, Russell indexes
By Devika Patel
Knoxville, Tenn., July 12 – GS Finance Corp. plans to price index-linked notes due Jan. 16, 2020 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payment at maturity will be par plus double any gain in the lesser performing index, subject to a maximum payout of $1,214 per $1,000 of notes. Investors will receive par plus the absolute value of the lesser performing index return if the lesser performing index falls by up to 30% and will lose 1% for each 1% decline of the lesser performing index from its initial level if it finishes below 70% of its initial level.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054LL44) will price July 13 and settle July 18.
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