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Goldman plans leveraged buffered notes with cap linked to S&P 500
By Susanna Moon
Chicago, May 15– GS Finance Corp. plans to price 0% leveraged buffered notes due 24 to 27 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,193.35 to $1,227.40 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The Cusip number is 40055Q6D9.
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