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GS Finance to price leveraged buffered notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Aug. 1 – GS Finance Corp. plans to price 0% leveraged buffered notes due Feb. 28, 2019 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 return is positive, the payout at maturity will be par plus double the index return, subject to a maximum payout that is expected to be between $1,200 and $1,230 and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KHC3) will price Aug. 25 and settle Aug. 30.
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