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Goldman Sachs to price leveraged notes linked to S&P 500 index
By Marisa Wong
Madison, Wis., May 29 - Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to have a tenor of 20 to 23 months.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount of $1,205 to $1,240 per $1,000 principal amount.
Investors will share in any losses.
Goldman Sachs & Co. is the underwriter.
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