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Goldman Sachs to price leveraged buffered notes tied to S&P 500
By Jennifer Chiou
New York, Feb. 28 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes due 24 to 27 months after issue 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 double the gain, subject to the maximum settlement amount of $1,200 to $1,235 per $1,000 principal amount.
If the index falls by up to 6%, the payout will be par. If the index falls by more than 6%, investors will lose 1.0638% for every 1% drop beyond 6%.
Goldman Sachs & Co. is the underwriter.
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