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Goldman plans digital notes with 85% trigger linked to Russell 2000
By Susanna Moon
Chicago, Dec. 27 - Goldman Sachs Group, Inc. plans to price 0% digital notes linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will price between 13 and 15 months after pricing.
If the index finishes at or above the 85% trigger level, the payout at maturity will be par plus the maximum settlement amount of $1,065 to $1,075 for each $1,000 principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline in the index beyond 15%.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38141GHR8.
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