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GS Finance to price leveraged buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., May 11 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Nov. 21, 2019 tied 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 return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payment of $1,115 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter.
The notes will price May 14.
The Cusip number is 40055Q7A4.
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