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Goldman plans leveraged buffered notes tied to six indexes with no cap
By Susanna Moon
Chicago, Oct. 6 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered basket-linked notes tied to a basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature in about four years.
The basket consists of the Russell 1000 Growth index with a 30% weight, the Russell 1000 Value index with a 30% weight, the Russell Midcap Growth index with a 15% weight, the Russell Midcap Value index with a 15% weight, the S&P SmallCap 600 Growth index with a 5% weight and the S&P SmallCap 600 Value index with a 5% weight.
The payout at maturity will be par plus 1.05 times to 1.23 times any basket gain, with the exact participation rate to be set at pricing.
Investors will receive par if the basket falls by up to 30% and will lose 1.4286% for each 1% decline in the basket beyond 30%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38143UG47.
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