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GS Finance plans to price buffered notes due 2020 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 4 – GS Finance Corp. plans to price 0% buffered notes due Oct. 22, 2020 linked to the S&P 500 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 the index return, subject to a maximum settlement amount that is expected to be at least $1,160 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index may decline beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price April 17.
The Cusip number is 40056F6U4.
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