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Goldman Sachs plans to price six-year leveraged notes linked to Dow
By Angela McDaniels
Tacoma, Wash., June 25 – Goldman Sachs Group, Inc. plans to price six-year 0% leveraged notes linked to the Dow Jones industrial average, 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 1.27 to 1.37 times the index return. The exact participation rate will be set at pricing. If the index return is negative and the final index level is at least 70% of the initial level, the payout will be par plus the absolute value of the index return. If the final index level is less than 70% of the initial index level, investors will be fully exposed to the decline from the initial level.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38148T6N4.
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