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Goldman Sachs plans to price digital notes linked to Russell 2000
By Marisa Wong
Madison, Wis., July 6 – Goldman Sachs Group, Inc. plans to price 0% digital notes due Aug. 2, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of the initial level, the payout at maturity will be the maximum settlement amount of $1,150 per $1,000 principal amount of notes.
Investors will lose 1% for each 1% decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price on July 29 and settle on July 31.
The Cusip number is 38148T6Y0.
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