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GS Finance to price buffered notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – GS Finance Corp. plans to price 0% buffered notes due Oct. 28, 2021 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 the index return. Investors will receive par if the index declines by 25% or less and will have exposure to declines beyond 25%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KL79) will price Oct. 25 and settle Oct.28.
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