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GS Finance plans to price notes due 2021 tied to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., July 1 – GS Finance Corp. plans to price 0% notes due July 29, 2021 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.6 to 1.7 times the index return. The exact participation rate will be set at pricing. If the index return is negative or zero, the payout will be par.
The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange-traded funds and a money market position in Libor, which provide exposure to broad-based equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes) outperform the sum of Libor plus 65 basis points (accruing daily).
Goldman Sachs & Co. is the agent.
The notes will price July 26.
The Cusip number is 40054KF43.
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