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GS Finance plans leveraged buffered notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 27 – GS Finance Corp. plans to price 24- to 27-month 0% leveraged buffered notes linked to the S&P 500 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 1.5 times the index gain, subject to a maximum settlement amount of $1,174 to $1,204.60 per $1,000 principal amount.
If the index falls by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
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