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Goldman plans one-year leveraged buffer notes tied to Stoxx Europe 600
By Susanna Moon
Chicago, June 28 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 19, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,144 for each $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
The notes will price on July 1 and settle on July 7.
The Cusip is 40054KER3.
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