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GS Finance plans to price buffered notes due 2023 linked to the Dow
By Sarah Lizee
Olympia, Wash., Aug. 1 – GS Finance Corp. plans to price 0% buffered notes due Feb. 15, 2022 linked to the Dow Jones Industrial Average, 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 the index return.
Investors will receive par if the index declines by up 19% to 21% and will lose 1% for each 1% decline beyond the buffer. The exact buffer will be set at pricing.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QQF2) will price on Aug. 10 and settle on Aug. 15.
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