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GS Finance plans to sell leveraged notes tied to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Feb. 16 – GS Finance Corp. plans to price 0% leveraged notes linked 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.
The notes are expected to mature between 13 and 15 months.
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 $1,183 to $1,213 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter.
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