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GS Finance intends to price leveraged buffered notes on Russell 2000
By Devika Patel
Knoxville, Tenn., Dec. 14 – GS Finance Corp. plans to price 25- to 28-month 0% leveraged buffered notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
The exact maturity will be set at pricing.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount that is expected to fall between $1,213.40 and $1,250.40 for every $1,000 of notes and will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond the 15% buffer.
Goldman Sachs & Co. is the agent.
The Cusip is 40056EN79.
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