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GS Finance plans three-year leveraged buffered notes on Russell 2000
By Devika Patel
Knoxville, Tenn., June 17 – GS Finance Corp. plans to price three-year 0% leveraged buffered notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount that is expected to fall between $1,230 and $1,270 for every $1,000 of notes and will be set at pricing.
Investors will receive par if the index declines by 35% or less and will lose 1.5385% for every 1% that the index declines beyond the 35% buffer.
Goldman Sachs & Co. is the agent.
The Cusip is 40054KE85.
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