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Goldman Sachs plans buffered notes with cap linked to S&P 500 index
By Susanna Moon
Chicago, Dec. 4 - Goldman Sachs Group, Inc. plans to price 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 26 and 29 months after pricing.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,217.50 to $1,255.00 per $1,000 principal amount 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 underwriter.
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