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Goldman Sachs plans to price buffered notes linked to Russell 2000
By Marisa Wong
Madison, Wis., May 20 – Goldman Sachs Group, Inc. plans to price 0% buffered Russell 2000 index-linked notes due June 1, 2018, 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 the gain, subject to a maximum settlement amount of $1,412.50 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline in the index beyond the buffer amount.
Goldman Sachs & Co. is the agent.
The notes will price on May 27 and settle on May 29.
The Cusip number is 38148T3U1.
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