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Goldman Sachs plans leveraged buffered notes linked to S&P 500
By Jennifer Chiou
New York, March 4 - 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 18 to 21 months.
The payout at maturity will be par plus triple any index gain, subject to a maximum redemption amount that is expected to be $1,210 to $1,300 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 30% or less and will lose 1.4286% for every 1% that the index declines beyond 30%.
The pricing and settlement dates were not specified.
Goldman, Sachs & Co. is the underwriter.
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