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Goldman Sachs plans eight-year leveraged notes tied to S&P 500
By Susanna Moon
Chicago, July 6 – GS Finance Corp. plans to price 0% leveraged notes due July 30, 2026 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 1.05 to 1.15 times any index gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on July 26.
The Cusip number is 40055QJ52.
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