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GS Finance offers index-linked notes on Dow Jones industrial average
By Devika Patel
Knoxville, Tenn., March 30 – GS Finance Corp. plans to price 0% leveraged notes due April 29, 2019 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.
If the index return is positive, the payout at maturity will be par plus 1.5 times the return, subject to a maximum settlement amount between $1,270 and $1,315 per $1,000 of notes. The exact cap will be set at pricing.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return. If the index falls by more than 20%, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054K7F7) will price April 22 and settle April 29.
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