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GS Finance to price notes due February 2017 linked to JPX-Nikkei 400
By Angela McDaniels
Tacoma, Wash., Feb. 2 – GS Finance Corp. plans to price 0% notes due Feb. 23, 2017 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be 100.1% of the sum of (a) $1,000 plus (b) the product of $1,000 times the index return.
Because of the adjustment factor, the payout will be less than par if the index return is less than slightly in excess of negative 0.0999%.
The index’s final level will be the average of its closing levels on the five trading days ending Feb. 17, 2017.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
The notes will price Feb. 5.
The Cusip number is 40054K2L9.
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