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Goldman Sachs pushes back pricing of digital notes linked to Russell
By Angela McDaniels
Tacoma, Wash., Nov. 6 – Goldman Sachs Group, Inc. changed the expected pricing date of its 0% digital notes due Nov. 28, 2018 linked to the Russell 2000 index to Nov. 25 from Nov. 23, according to a 424B2 filing with the Securities and Exchange Commission.
As previously reported, if the index return is greater than or equal to negative 15%, the payout at maturity will be $1,150 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38148THR3.
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