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GS Finance to price leveraged buffered notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Dec. 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 2, 2019 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 return is positive, the payout at maturity will be par plus double the index return, subject to a cap that is expected to fall between $1,180 and $1,210 per $1,000 of notes and will be set at pricing. Investors will receive par if the index declines by up to the 10% buffer and will lose 1% for every 1% decline beyond the buffer.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KQJ8) will price on Dec. 27 and settle on Dec. 30.
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