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Goldman Sachs plans leveraged buffered notes tied to S&P 500 index
By Angela McDaniels
Tacoma, Wash., June 22 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes due July 22, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 14.82%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
The notes will price June 23 and settle June 28.
Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.
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