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GS Finance plans leveraged buffered notes tied to S&P 500 index
By Sarah Lizee
Olympia, Wash., April 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 18 to 21 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at par plus 11.12% to 13.06%.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
The Cusip number is 40056FC60.
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