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GS Finance plans to price index-linked notes due 2020 tied to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 12 – GS Finance Corp. plans to price 0% index-linked notes due March 4, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index declines by up to 84.35% of its initial level, the payout will be par plus the absolute value of the return of the index.
If the index gains or falls below 84.35% of its initial level, the payout will be par.
The final value will be determined by averaging the closing levels of the five consecutive trading days ending with Feb. 28, 2020.
Goldman Sachs & Co. is the agent. JPMorgan is the placement agent.
The notes will price on Feb. 15.
The Cusip number is 40056EXH6.
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