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GS Finance plans to price eight-year notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., June 19 – GS Finance Corp. plans to price 0% notes due July 1, 2025 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 the index return capped at 80% to 90%. The exact cap will be set at pricing.
If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter.
The notes will price on June 26.
The Cusip number is 40054LEM2.
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