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Goldman Sachs plans leveraged notes tied to S&P Banks Select Industry
By Susanna Moon
Chicago, July 7 – GS Finance Corp. plans to price 0% leveraged notes due in 18 to 21 months linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,285 to $1,333 for each $1,000 of notes. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
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