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GS Finance plans to price four-year notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – GS Finance Corp. plans to price 0% notes due Feb. 26, 2021 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 positive, the payout at maturity will be par plus the greater of the index return and the threshold settlement amount that is expected to be between $1,260 and $1,300 per $1,000 principal amount and will be set at pricing.
If the index return falls by up to 30%, the payout will be par. Investors will be fully exposed to the loss if the index falls by more than 30%.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 40054KV45.
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