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Goldman plans leveraged notes with 31.5%-34.5% cap linked to S&P 500
By Susanna Moon
Chicago, Jan. 16 - 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 will mature between 36 and 39 months after pricing.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,315 to $1,345 for each $1,000 principal amount. The exact cap will be set at pricing.
The exact deal terms, including maturity and payment cap, will be set at pricing.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
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