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Goldman Sachs to price leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 21 - Goldman Sachs Group, Inc. plans to price five-year 0% 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 1.2 times to 1.3 times the index return. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1.3333% for every 1% that it declines beyond 25%.
The exact upside participation rate will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QQX7.
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