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GS Finance plans seven-year notes tied to GS Momentum Builder index
By Marisa Wong
Morgantown, W.Va., May 13 – GS Finance Corp. plans to price 0% notes due May 30, 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 are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $1,000 plus 2.25 to 2.5 times the index return. The exact upside 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 will price May 20 and settle May 27.
The Cusip number is 40054KBP0.
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