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Goldman plans 7.15%-8.15% contingent coupon autocalls on three indexes
By Susanna Moon
Chicago, May 9 – GS Finance Corp. plans to price autocallable contingent coupon notes due Nov. 21, 2019 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.15% to 8.15% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
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 any underlying index finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on May 29 and settle on May 31.
The Cusip number is 40055Q4E9.
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