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Published on 10/5/2011 in the Prospect News Structured Products Daily.

Goldman Sachs plans to price buffered equity notes linked to S&P 500

By Toni Weeks

San Diego, Oct. 5 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date is expected to be 18 to 21 months after issue.

If the final index level is greater than 80% of the initial level, the payout at maturity will be the maximum settlement amount, which is expected to be between $1,142.50 and $1,165.00 per $1,000 principal amount. The exact maximum settlement amount will be determined at pricing.

If the index falls by 20% or more, investors lose 1.25% for every 1% drop beyond the 20% buffer.

Goldman Sachs & Co. is the underwriter.


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