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Goldman Sachs plans buffered notes linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, July 13 - Goldman Sachs Group, Inc. plans to price 0% buffered basket-linked notes linked to two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight and the Russell 2000 index with a 30% weight.
The maturity is expected to be between 29 and 34 months after issue.
The payout at maturity will be par plus any basket gain, up to a maximum settlement amount of $1,140 to $1,165 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 40% and will lose 1.6667% for every 1% decline beyond 40%.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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