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Goldman plans 7% contingent coupon autocalls on S&P 500, Stoxx 50
By Susanna Moon
Chicago, July 20 – GS Finance Corp. plans to price autocallable contingent coupon notes due Feb. 3, 2026 linked to the lesser performing of the S&P 500 index and he Euro Stoxx 50 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% if each index closes at or above its 80% coupon barrier on the observation date for that month.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either index falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index beyond 20%.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on July 27.
The Cusip number is 40055QN65.
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