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Goldman Sachs to price leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 9 – Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 60 months.
If the index return is positive, the payout at maturity will be par plus 1.1 times to 1.2 times the index return. The exact participation rate will be set at pricing. Investors will receive par if the index falls by 25% or less and will lose 1.3333% for every 1% that the index declines beyond 25%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QGU4.
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