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GS Finance plans leveraged buffered notes due 2019 tied to Euro Stoxx
By Sarah Lizee
Olympia, Wash., May 16 – GS Finance Corp. plans to price 0% leveraged buffered notes due June 21, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus between 1.18 times any index gain.
Investors will receive par if the index falls by up to 15% and will lose about 1.1765% of the face amount of notes for every 1% decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter and JPMorgan is the placement agent.
The notes will price on May 18 and settle on May 23.
The Cusip number is 40055Q7L0.
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