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Goldman Sachs to price 18- to 21-month buffered notes tied to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 15 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 18 to 21 months.
If the final index level is greater than the initial level or has declined by no more than 20%, the payout at maturity will be par plus a fixed payment that is expected to be 5.5% to 6.5%. Investors will lose 1.25% for every 1% that the index declines beyond 20%.
The exact terms of the notes will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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