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GS Finance to price leveraged buffered notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Jan. 22 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 29, 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 2 times the index return, subject to a maximum settlement amount of $1,250 per $1,000 principal amount.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond the 20% buffer.
Goldman Sachs & Co. is the agent.
The notes will price on Jan. 24.
The Cusip number is 40055AEZ6.
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