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GS Finance eyes leveraged buffered notes on Dow Jones U.S. Select Dividend
By Sarah Lizee
Olympia, Wash., Feb. 24 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Feb. 28, 2025 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus 1.02 times the gain.
If the index finishes flat or falls by up to 20%, investors will receive par plus the absolute value of the index’s return. Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Feb. 25.
The Cusip number is 40056YHY3.
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