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GS Finance plans leveraged index-linked notes tied to S&P
By Sarah Lizee
Olympia, Wash., Nov. 22 – GS Finance Corp. plans to price 0% leveraged index-linked notes due Jan. 28, 2021 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 return is positive, the payout at maturity will be par plus 3 times the index return, capped at $1,119 per $1,000 of notes.
If the return is zero or negative, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. is the underwriter.
The notes will price Nov. 25.
The Cusip number is 40056XQL3.
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