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GS Finance to price leveraged buffered digital notes linked to Russell
By Angela McDaniels
Tacoma, Wash., Nov. 15 – GS Finance Corp. plans to price 42-month 0% leveraged buffered digital notes linked to the Russell 2000 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 zero or positive, the payout at maturity will be par plus 1.2 times the index return, subject to a minimum payout of $1,280 and a maximum payout of $1,600 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40054KPK6.
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