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GS Finance plans to price index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., July 10 – GS Finance Corp. plans to price 0% index-linked notes due Feb. 3, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If both indexes finish positive, the payout at maturity will be par 1.12 to 1.22 times the return
If either index falls but finishes at or above 70% of its initial level, the payout at maturity will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the worst-performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FTC9) will price July 31.
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