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Goldman plans leveraged buffered notes with cap linked to S&P 500
By Susanna Moon
Chicago, April 4 – GS Finance Corp. plans to price 0% leveraged buffered notes due Oct. 30, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,200 to $1,230 for each $1,000 principal amount of notes.
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 agent.
Goldman Sachs Group, Inc. is the guarantor.
The notes will price on April 25.
The Cusip number is 40054L4J0.
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