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Goldman plans to price 36- to 42-month buffered notes on S&P 500
By Marisa Wong
Madison, Wis., July 13 - Goldman Sachs Group, Inc. plans to price 0% 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 for the notes is expected to be between 36 and 42 months after issue.
The payout at maturity will be par plus 100% to 105% of any index gain. Investors will receive par if the index declines by 30% or less and will lose 1.4286% for every 1% decline beyond 30%.
The exact deal terms will be set at pricing.
Goldman, Sachs & Co. is the underwriter.
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