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Goldman Sachs plans buffered index-linked notes tied to Russell 2000
By Susanna Moon
Chicago, Sept. 27 - Goldman Sachs Group, Inc. plans to price 0% buffered index-linked notes due April 4, 2011 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, up to a maximum settlement amount of $1,096 per $1,000 principal amount.
Investors will receive par if the index falls by 10% or less and will share in losses beyond 10%.
The notes (Cusip 38143UNE7) will settle five days after pricing.
Goldman, Sachs & Co. is the underwriter.
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