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GS Finance plans leveraged buffered notes on S&P 500 index
By Sarah Lizee
Olympia, Wash., Sept. 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at $1,192.50 per $1,000 of notes. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index may decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Sept. 25.
The Cusip number is 40056X6Z4.
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