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GS Finance plans 2% leveraged buffered notes linked to S&P 500 Value
By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – GS Finance Corp. plans to price 2% leveraged buffered notes due Sept. 2, 2022 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, up to a maximum payout of par plus 17.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Aug. 29.
The Cusip number is 40056X3Z7.
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