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Goldman to price leveraged buffered index-linked notes on S&P 500
By Jennifer Chiou
New York, June 7 - Goldman Sachs Group, Inc. plans to price 0% 18-month leveraged buffered index-linked notes tied 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 1.5 times the increase, capped at a payout of $1,213.75 to $1,247.50 per $1,000 note. The exact cap will be set at pricing.
Investors will receive par if the index declines by up to 20% and will lose 1.25% for every 1% decline beyond the 20% buffer.
Goldman Sachs & Co. will be the underwriter for the notes (Cusip: 38143UY54).
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