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Goldman Sachs plans to price buffered notes linked to Dow
By Angela McDaniels
Tacoma, Wash., Aug. 12 – Goldman Sachs Group, Inc. plans to price 0% buffered notes due Oct. 20, 2016 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,102.50 per $1,000 principal amount of notes. If the index return is zero or negative but not below negative 7%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 7%.
Goldman Sachs & Co. is the agent.
The notes are expected to price Aug. 13 and settle Aug. 20.
The Cusip number is 38148TCF4.
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