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Goldman Sachs plans leveraged notes linked to SPDR S&P Oil & Gas fund
By Susanna Moon
Chicago, Jan. 22 – Goldman Sachs Group, Inc. plans to price 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.
The notes are expected to mature between 24 and 27 months after pricing.
The payout at maturity will be par plus double any fund gain, up to a maximum settlement amount of $1,592 to $1,694 for each $1,000 principal amount.
Investors will be exposed to any losses.
The exact deal terms will be set at pricing.
Goldman, Sachs & Co. is the agent.
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