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GS Finance plans 24- to 27-month digital notes tied to S&P 500 index
By Tali Rackner
Norfolk, Va., Nov. 9 – GS Finance Corp. plans to price 24- to 27-month 0% digital notes 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.
The exact maturity will be set at pricing.
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 $1,105.60 and $1,124.10 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.
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