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Goldman plans 13- to 15-month digital barrier notes tied to S&P 500
By Susanna Moon
Chicago, April 17 – GS Finance Corp. plans to price 0% 13- to 15-month digital index-linked notes linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold, the payout at maturity will be the maximum settlement amount of $1,061.40 to $1,072.20 for each $1,000 principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The exact deal terms will be set at pricing.
The Cusip number is 40055AY35.
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