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GS Finance plans to price notes with barrier linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Dec. 23 – GS Finance Corp. plans to price 0% index-linked notes due Dec. 31, 2020 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 return is flat or positive, the payout at maturity will be the greater of the threshold settlement amount, which is expected to fall between $1,255 and $1,300 and will be set at pricing, and par plus the index return.
Investors will receive par if the index falls by up to 30%. If the index falls by more than 30%, investors will lose 1% for each 1% decline in the index from its initial level.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KQC3) will price on Dec. 28 and settle Dec. 30.
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