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Goldman plans buffered digital notes due 2018 linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., April 2 – Goldman Sachs Group, Inc. plans to price 0% buffered digital notes due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of the initial level, the payout at maturity will be the maximum settlement amount of $1,150 per $1,000 principal amount of notes.
Investors will be exposed to any losses beyond the 15% buffer.
The notes (Cusip: 38147QYU4) will price April 28 and settle April 30.
Goldman Sachs & Co. is the underwriter.
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