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GS Finance plans to price leveraged notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Feb. 2 – GS Finance Corp. plans to price 0% leveraged notes due Feb. 23, 2017 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 300% of the index return, subject to a maximum settlement amount of $1,168 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.
The index’s final level will be the average of its closing levels on the five trading days ending Feb. 17, 2017.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
The notes will price Feb. 5.
The Cusip number is 40054K2M7.
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