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GS Finance plans leveraged buffered notes due 2021 linked to S&P 500
By Sarah Lizee
Olympia, Wash., June 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due Dec. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at between $1,210 and $1,240 for each $1,000 face amount.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price June 25.
The Cusip number is 40056FKG9.
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