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Goldman Sachs to price leveraged buffered notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Aug. 15 - Goldman Sachs Group, Inc. plans to price 0% 42-month leveraged buffered notes linked 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 125% of the index return, subject to a maximum settlement amount of $1,575 to $1,675 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% index decline beyond the 20% buffer.
The Cusip number is 38147QPE0.
Goldman Sachs & Co. is the underwriter.
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