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Goldman plans leveraged buffered digital notes tied to S&P, Russell
By Susanna Moon
Chicago, Feb. 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due Feb. 27, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the 25% digital return and 1.2 times the return of the worse performing index.
Investor will receive par if either index falls by up to 30% and will lose 1% for each 1% decline of the worse performing index beyond 30%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Feb. 22.
The Cusip number is 40055AJL2.
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