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GS Finance intends to price digital notes due 2017 linked to S&P 500
By Devika Patel
Knoxville, Tenn., April 8 – GS Finance Corp. plans to price 0% digital notes due June 2, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to negative 15%, the payout at maturity will be the maximum settlement amount, which is expected to be between $1,047.50 and $1,055 per $1,000 of notes and will be set at pricing. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KAS5) will price on April 27 and settle on May 2.
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