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GS Finance plans to price leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 6 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 3, 2019 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 final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, subject to a maximum settlement amount that is expected to be $1,200 to $1,230 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
The notes will price Dec. 28.
The Cusip number is 40054KR24.
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