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Goldman Sachs to price buffered notes due 2018 linked to S&P 500
By Marisa Wong
Madison, Wis., Aug. 30 - Goldman Sachs Group, Inc. plans to price 0% buffered notes due Oct. 1, 2018 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 the index return, subject to a maximum return of 40%.
If the index falls by up to 40%, the payout will be par. Investors will lose 1% for every 1% index decline beyond the 40% buffer.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price on Sept. 26 and settle on Sept. 30.
The Cusip number is 38147QSS6.
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