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GS Finance plans contingent coupon notes linked to Russell 2000 index
By Devika Patel
Knoxville, Tenn., Dec. 30 – GS Finance Corp. plans to price contingent coupon index-linked notes due May 3, 2018 linked to the Russell 2000 index, according to an FWP 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 $10 plus 300% of the index return, subject to a maximum payment of 118.15%.
Investors will lose 1% for each 1% decline if the index declines from its initial level.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 36251U590) will price on Jan. 13 and settle three business days after pricing.
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