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Goldman Sachs plans 0% leveraged buffered notes on S&P GSCI Commodity
By Susanna Moon
Chicago, June 15 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to the S&P GSCI Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature 24 to 27 months after issuance.
The payout at maturity will be par plus 1½ times any index gain, up to a maximum settlement amount of between $1,360 and $1,420, with the exact cap to be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% drop beyond 15%.
Goldman, Sachs & Co. is the underwriter.
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