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Goldman plans 0% five-year trigger notes tied to Russell, S&P 500
By Susanna Moon
Chicago, July 12 – GS Finance Corp. plans to price 0% index-linked notes due Aug. 3, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.55 to 1.65 times the gain of the worse performing index.
If either index falls but finishes at or above its 50% threshold, the payout at maturity will be par.
Otherwise, 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 July 31.
The Cusip number is 40055QLT7.
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