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Goldman Sachs plans leveraged notes linked to SPDR S&P Oil & Gas ETF
By Angela McDaniels
Tacoma, Wash., Dec. 16 – Goldman Sachs Group, Inc. plans to price 13- to 15-month 0% leveraged notes linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus three times the ETF return, subject to a maximum settlement amount that is expected to be $1,339.00 to $1,397.50 per $1,000 principal amount of notes and will be set at pricing. If the ETF return is negative, investors will share in the decline.
Goldman Sachs & Co. is the underwriter.
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