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GS Finance plans to price leveraged notes linked to S&P Banks
By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – GS Finance Corp. plans to price 18- to 21-month 0% leveraged notes linked to the S&P Banks Select Industry 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 positive, the payout at maturity will be par plus 3 times the return up to a maximum settlement amount expected to be between $1,262.20 and $1,308.10 per $1,000 note, which will be set at pricing.
Investors will be exposed to any index decline.
Goldman Sachs & Co. is the agent.
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