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Goldman plans buffered notes linked to Dow Jones industrial average
By Jennifer Chiou
New York, Aug. 29 – Goldman Sachs Group, Inc. plans to price 0% buffered index-linked notes due Sept. 30, 2019 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the gain.
Investors will receive par if the index falls by up to the buffer level and will share in any losses beyond the buffer level, which is expected to be between 75% and 80% of the initial level.
The notes (Cusip: 38147QFH4) will price on Sept. 25 and settle on Sept. 30.
Goldman Sachs & Co. is the underwriter.
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