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Goldman plans two-year leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, July 7 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due July 30, 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 plus double any index gain, up to a maximum settlement amount of $1,172 to $1,200 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on July 25.
The Cusip number is 40054LHB3.
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