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GS Finance to price leveraged buffered notes linked to Russell 2000
By Sarah Lizee
Olympia, Wash., June 11 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 1, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 2 times the index return.
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 underwriter.
The notes will price on June 28.
The Cusip number is 40056FMR3.
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