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Goldman Sachs to price six-year leveraged notes linked to the Dow
By Toni Weeks
San Luis Obispo, Calif., July 30 – Goldman Sachs Group, Inc. plans to price 0% six-year leveraged notes linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.27 to 1.37 times any index gain, with the exact participation rate to be set at pricing.
If the index return is negative and the final index level is equal to or greater than 70% of the initial level, the payout will be par plus the absolute value of the return.
If the index falls by more than 30%, investors will share fully in those losses.
Goldman Sachs & Co. is the agent.
The Cusip number is 38148TB99.
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