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GS Finance plans 13-month leveraged buffered notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 28 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Aug. 1, 2018 tied to the Euro Stoxx 50 index, according to a 424B2 filing 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 1.5 times the index return, subject to a maximum settlement amount of $1,146.40 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter. JPMorgan is placement agent.
The notes are expected to price on June 30.
The Cusip number is 40054LGX6.
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