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GS Finance plans leveraged buffered notes linked to Russell 2000
By Emma Trincal
New York, Nov. 2 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 24 to 27 months linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus three times the index gain, up to a maximum return expected to be between 19.83% and 23.28%. The exact percentage will be set at pricing.
Investors will receive par if the index finishes flat or falls by up to 10% and lose 1.1111% for each 1% index decline beyond the 10% buffer.
Goldman Sachs & Co. is the agent.
The Cusip is 40056ED70.
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