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GS Finance to price digital notes linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 28 – GS Finance Corp. plans to price 0% digital notes due Sept. 29, 2023 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 be guaranteed by Goldman Sachs Group, Inc.
If each index’s return is greater than or equal to zero, the payout at maturity will be the maximum settlement amount, which is expected to be $1,657.50 to $1,707.50 per $1,000 principal amount of notes and will be set at pricing.
If each index’s return is greater than or equal to negative 30% but the return of either index is less than zero, the payout will be par.
If the return of either index is less than negative 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Goldman Sachs & Co. is the underwriter.
The notes will price Sept. 22.
The Cusip number is 40054LQE7.
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