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Goldman Sachs plans leveraged buffered notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Nov. 12 – Goldman Sachs Group, Inc. plans to price five-year 0% leveraged buffered notes linked to the S&P 500 index, 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 1.15 times to 1.25 times the index return. The exact participation rate will be set at pricing. If the index return is zero or negative but not below negative 25%, the payout will be par. If the index return is below negative 25%, investors will lose 1.3333% for every 1% that the index declines beyond 25%.
Goldman Sachs & Co. is the agent.
The Cusip number is 38148TJ91.
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