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Goldman Sachs to price leveraged buffered notes linked to S&P 500
By E. Janene Geiss
Philadelphia, Jan. 12 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered equity index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes will be 12 to 14 months.
The payout at maturity will be par plus triple any index gain, subject to a cap on the index return that is expected to be 8.5% to 11% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
The notes are expected to price and settle during 2009.
Goldman, Sachs & Co. is the underwriter.
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