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GS Finance plans leveraged buffered notes on Euro Stoxx 50 index
New York, May 30 – GS Finance Corp. plans to price 0% leveraged buffered notes due Dec. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus two times the index return capped at a maximum payout of $1,650 to $1,750 per $1,000 principal amount. The exact cap 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 the index declines beyond 10%.
Goldman Sachs & Co. is the agent.
The notes will price on June 26 and settle on June 29.
The Cusip number is 40055QBW1.
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