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GS Finance plans leveraged buffered notes linked to the Dow
By Sarah Lizee
Olympia, Wash., July 11 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 31, 2022 linked to the Dow Jones industrial average, 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 200% of the index return, subject to a maximum settlement amount of $1,190 to $1,210 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1% 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 40056FR31.
The notes will price July 26.
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