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Goldman plans leveraged buffered notes with cap linked to S&P 500
By Susanna Moon
Chicago, Aug. 12 - 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 date will be 18 to 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 $1,217.50 to $1,255 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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