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Goldman Sachs plans leveraged index-linked notes tied to S&P 500
By Jennifer Chiou
New York, Aug. 7 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes due Aug. 28, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum payment of $1,203 per $1,000 principal amount. Investors will be fully exposed to losses if the index falls.
The notes (Cusip: 38143U6C0) will price on Aug. 10 and settle on Aug. 15.
Goldman Sachs & Co. is the agent.
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