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GS Finance offers digital notes due 2017 tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., April 6 – GS Finance Corp. plans to price 0% digital notes due Oct. 12, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to negative 15%, the payout at maturity will be the maximum settlement amount of $1,080 per $1,000 of notes. Otherwise, investors will be fully exposed to any declines beyond 15%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KAH9) are expected to price April 8 and settle April 13.
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