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Goldman Sachs to price leveraged buffered notes linked to S&P 500
By Jennifer Chiou
New York, May 6 - 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 21 to 24 months.
The payout at maturity will be par plus three times any index gain, subject to a maximum payout of $1,247.50 to $1,285.00 per note. The exact cap will be set at pricing.
Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.
Goldman, Sachs & Co. is the underwriter.
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