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GS Finance plans to price buffered digital notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 11 – GS Finance Corp. plans to price 45- to 48-month 0% buffered digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the digital return and the index return. The digital return is expected to be 23.5% to 27.6%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
The exact maturity date and digital return will be set at pricing.
Goldman Sachs & Co. is the agent.
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