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Goldman Sachs to sell buffered notes linked to S&P 500 index
By Jennifer Chiou
New York, July 1 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes due 12 to 14 months after issue linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus a fixed return of 11.5% to 13.5%. The exact percentage will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% drop beyond 15%.
Goldman, Sachs & Co. will be the agent.
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