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GS Finance plans to price leveraged notes due 2022 linked to the Dow
By Marisa Wong
Morgantown, W.Va., Feb. 3 – GS Finance Corp. plans to price 0% leveraged notes due March 1, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 1.37 to 1.47 times any index gain. The exact participation rate will be set at pricing.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the index decline.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 19 and settle on Feb. 26.
Goldman Sachs & Co. is the agent.
The Cusip number is 40054CBV5.
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