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Goldman Sachs to price leveraged buffered notes linked to S&P 500
By Tali Rackner
Norfolk, Va., Sept. 23 – 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 term is expected to be 20 to 23 months and will be set at pricing.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount that is expected to be between $1,172.50 and $1,195 per $1,000 principal amount and will be set at pricing.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
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