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Goldman plans 1.5 times leveraged buffered notes with cap on S&P 500
By Susanna Moon
Chicago, Aug. 11 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity will be between 18 and 21 months after issue.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,161.25 to $1,187.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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