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Goldman Sachs plans 60-month digital notes linked to S&P 500
By Susanna Moon
Chicago, June 3 – Goldman Sachs Group, Inc. plans to price 60-month 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the barrier level – 73% to 69% of the initial level – the payout at maturity will be the maximum settlement amount of $1,280 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.3699% to 1.4493% for each 1% decline beyond 27% to 31%.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38148T4K2.
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