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Goldman Sachs plans digital notes tied to S&P 500 index
By Susanna Moon
Chicago, March 21 – GS Finance Corp. plans to price 0% digital notes due in 22 to 25 months 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 finishes at or above the 90% threshold level, the payout at maturity will be the threshold settlement amount of $1,091.50 to $1,107.50 for each $1,000 principal amount.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
The exact deal terms will be set at pricing.
Goldman, Sachs & Co. is the agent.
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