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Goldman Sachs plans 17- to 20-month leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., May 25 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes will be 17 to 20 months.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 17.25% to 20.25%. Investors will be exposed to any index decline.
The exact terms of the notes will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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