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GS Finance to price leveraged buffered notes due 2021 on Stoxx 50
By Sarah Lizee
Olympia, Wash., Oct. 26 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Nov. 30, 2021 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 1.6 to 1.7 times the index return.
If the index falls by up to 25%, the payout will be par.
Investors will lose 1% for each 1% decline beyond 25%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Nov. 21 and settle on Nov. 29.
The Cusip number is 40056ECC0.
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