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Goldman plans leveraged buffered notes due 2021 tied to S&P 500
By Susanna Moon
Chicago, Sept. 26 – GS Finance Corp. plans to price 0% leveraged buffered notes due April 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum settlement amount of $1,346.88 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 16% to 18% and will lose 1.1905% for each 1% decline beyond the geared buffer, with the exact percentage to be set at pricing.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Oct. 11.
The Cusip number is 40055QZQ8.
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