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Goldman plans 24-month leveraged buffered notes tied to Russell 2000
By Susanna Moon
Chicago, Aug. 3 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 24 months linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,240 to $1,280 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40054KH82.
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