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Goldman plans 7.1% contingent coupon callables tied to S&P, Russell
By Susanna Moon
Chicago, May 29 – GS Finance Corp. plans to price callable contingent coupon notes due June 15, 2028 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 monthly coupon at an annual rate of 7.1% if each index closes at or above its 70% coupon barrier on the observation date for that month.
The notes are callable at par on any review date after one year.
The payout at maturity will be par unless either underlying index closes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on June 12 and settle on June 15.
The Cusip number is 40055QAL6.
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