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GS Finance to sell buffered digital notes tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., May 15 – GS Finance Corp. plans to price 0% 36- to 39-month buffered digital notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be the greater of the threshold settlement payment, which is expected to fall between $1,298.50 and $1,351 per $1,000 of notes, and par plus the return. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline beyond the 10% buffer.
The exact maturity and threshold settlement payment will be set at pricing.
Goldman Sachs & Co. is the agent.
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