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GS Finance plans leveraged buffered notes linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., June 19 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 24 to 27 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,157.20 to $1,184.50 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The Cusip number is 40056FPR0.
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