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GS Finance to price capped buffer gears linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – GS Finance Corp. plans to price capped buffer gears due Dec. 31, 2018 linked 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 two times the index gain, subject to a maximum settlement amount that is expected to be $11.50 to $11.60 for each $10 face amount.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
Goldman, Sachs & Co. is the agent.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 36251U467.
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