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Goldman Sachs plans leveraged buffered notes linked to S&P 500 index
By Marisa Wong
Madison, Wis., July 16 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes linked 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 18 and 21 months after issue.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 20% to 23.5%. The exact cap will be set at pricing.
Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% decline beyond 15%.
Goldman, Sachs & Co. is the underwriter.
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