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GS Finance to price leveraged buffered notes linked to Euro Stoxx
By Tali Rackner
Minneapolis, Jan. 11 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 27, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.3 times the index return.
Investors will receive par if the index declines by 25% or less and will lose 1 % for every 1% that the index declines beyond the 25% buffer.
Goldman Sachs & Co. is the agent.
The notes are expected to price on Jan. 19 and settle on Jan. 26.
The Cusip number is 40055AF36.
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