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Goldman plans buffered monthly range accrual callables on Russell
By Susanna Moon
Chicago, June 6 – GS Finance Corp. plans to price callable buffered monthly range accrual notes due June 29, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest will accrue at 5% annualized for each day that the index closes at or above the coupon barrier level, 80% of the initial index level. Interest will be payable monthly.
The notes are callable at par on any interest payment date after one year.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will be exposed to any losses beyond the buffer.
Goldman Sachs & Co. is the agent.
The notes will price on June 27 and settle on June 29.
The Cusip number is 40055QCC4.
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