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GS Finance plans leveraged buffered notes tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Dec. 5 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 16, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed 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 150% of the index return, subject to a maximum settlement amount of $1,425 per $1,000 of notes. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KRG3) will price Dec. 9 and settle Dec. 16.
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