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GS Finance plans leveraged buffered notes due 2021 on S&P 500 index
By Sarah Lizee
Olympia, Wash., Aug. 21 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Feb. 26, 2021 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 the index return, up to a maximum settlement amount of $1,165 for each $1,000 face amount.
If the index falls by up to 20%, investors will receive par plus 1.25 times the absolute value of the index return.
Investors will lose 1% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Aug. 23 and settle on Aug. 28.
The Cusip is 40055QUC4.
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