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Goldman plans 0% digital absolute return notes tied to Russell, S&P
By Susanna Moon
Chicago, July 13 – GS Finance Corp. plans to price 0% index-linked notes due July 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be the threshold settlement amount of $1,400 for each $1,000 principal amount.
If either index falls but finishes at or above its 60% threshold, the payout at maturity will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on July 26.
The Cusip number is 40055QMK5.
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