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Goldman Sachs to price leveraged equity-linked notes on EOG Resources
By Marisa Wong
Madison, Wis., April 15 – Goldman Sachs Group, Inc. plans to price 0% leveraged equity-linked notes due May 4, 2016 linked to the common stock of EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the share price, subject to a maximum settlement amount of $1,266 for each $1,000 of notes.
Investors will be fully exposed to any share price decline.
Goldman, Sachs & Co. is the underwriter.
The notes are expected to price April 17 and settle April 22.
The Cusip number is 38147QZB5.
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