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Goldman plans two-year capped buffer gears linked to S&P 500
By Susanna Moon
Chicago, Jan. 6 – GS Finance Corp. plans to price 0% capped buffer gears due Jan. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 15.5% to 18%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the underwriter.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 36251U616.
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