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Goldman Sachs plans 60-month digital notes with no cap tied to S&P 500
By Susanna Moon
Chicago, April 29 – GS Finance Corp. plans to price 0% 60-month trigger 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.
If the index finishes at or above the 70% barrier level, the payout at maturity will be par plus the maximum settlement amount of $1,290 for each $1,000 principal amount.
Otherwise, investors will lose 1.4286% for each 1% decline beyond 30%.
Goldman, Sachs & Co. is the agent.
The Cusip number is 40054KBJ4.
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