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Goldman plans five-year leveraged buffered notes linked to Stoxx 50
By Susanna Moon
Chicago, Sept. 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due Oct. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.75 to 2.95 times any index gain, with the exact rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Sept. 28.
The Cusip number is 40055QYB2.
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