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GS Finance to price leveraged buffered notes due 2021 tied to Stoxx
By Sarah Lizee
Olympia, Wash., July 31 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 9, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed 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 1.6 to 1.7 times the index return.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QPX4) will price Sept. 4 and settle Sept. 7.
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