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Goldman Sachs plans to price six-year notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Dec. 16 – Goldman Sachs Group, Inc. plans to price 0% notes due Dec. 27, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the greater of (a) the threshold settlement amount of $1,510 to $1,580 per $1,000 principal amount and (b) par plus the index return.
If the index return is negative but not below negative 30%, the payout will be par. Otherwise, investors will be fully exposed to any index decline.
Goldman Sachs & Co. is the agent.
The notes will price Dec. 18 and settle Dec. 28.
The Cusip number is 38148TJZ3.
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