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GS changes maturity date of notes linked to GS Momentum Builder
By Devika Patel
Knoxville, Tenn., April 1 – GS Finance Corp. plans to price 0% notes due May 1, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission. The notes originally were announced with a maturity date of April 29, 2024.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $1,000 plus 225% to 250% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative, the payout at maturity will be par.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054K7D2) will price April 22 and settle April 29.
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