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Goldman plans 5.75% one-year autocalls tied to S&P 500, Russell 2000
By Susanna Moon
Chicago, July 17 – GS Finance Corp. plans to price 5.75% autocallable notes due July 25, 2019 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.
Interest is payable monthly.
The notes will be called at par plus an annual call premium of 12% to 13% if each index closes at or above its initial level on April 22, 2019.
The payout at maturity will be par unless either index ever closes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. LLC is the agent.
The notes will price on July 18.
The Cusip number is 40055QM74.
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