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Goldman plans 19- to 22-month leveraged buffered notes on S&P 500
By Jennifer Chiou
New York, April 26 - Goldman Sachs Group, Inc. plans to price 19- to 22-month 0% leveraged buffered index-linked notes tied 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 four times any index gain, capped at 12% to 14%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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