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GS Finance to price leveraged buffered notes tied to S&P 500 index
By Sarah Lizee
Olympia, Wash., April 9 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due April 29, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 112.5% of the index return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.
Goldman Sachs & Co. is the underwriter.
The notes (Cusip: 40055AXN2) are expected to price on April 20 and settle on April 27.
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