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Goldman plans 18-month digital notes tied to S&P 500, Russell 2000
By Susanna Moon
Chicago, Oct. 11 – GS Finance Corp. plans to price 0% digital index-linked notes due April 29, 2019 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,070 to $1,080 for each $1,000 principal amount.
Investors will receive par if either index falls by up to 25% and will lose 1% for each 1% decline of the worse performing index if it finishes below the 75% trigger level.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Oct. 20 and settle on Oct. 27.
The Cusip number is 40054LUZ5.
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