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Goldman plans 0% autocallable buffered notes tied to S&P 500 index
By Marisa Wong
Madison, Wis., Oct. 8 - Goldman Sachs Group, Inc. plans to price 0% autocallable buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date is expected to be between six and seven months after issue.
If the index closes at or above the initial index level on any of the call observation dates, the notes will be automatically called at par plus a call premium of 1.1% to 1.3%.
The first call observation date is expected to be two to three months after issue, with the remaining four dates to follow every month thereafter.
If the notes are not called and the final index level is at least 90% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
The exact deal terms for the notes will be set at pricing.
Goldman, Sachs & Co. is the underwriter.
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