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Goldman plans digital notes due 2018 with 85% barrier tied to S&P 500
By Susanna Moon
Chicago, July 27 – GS Finance Corp. plans to price 0% be 23- to 26-month digital notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,087 to $1,102 for each $1,000 principal amount. The exact cap will be set at pricing.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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