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GS Finance to price return optimization notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., March 4 – GS Finance Corp. plans to price 0% return optimization securities due May 31, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus triple the gain, up to a maximum return of 13.25% to 16.25%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 36250E431) will price March 28 and settle March 31.
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