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Goldman plans 18- to 21-month buffered index-linked notes on S&P 500
By Jennifer Chiou
New York, May 10 - Goldman Sachs Group, Inc. plans to price 0% buffered index-linked notes due in 18 to 21 months tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum return that is expected to be between $1,175 and $1,195 per note.
Investors will receive par if the index falls by up to 10% and will share in losses at a rate of 1.1111% per 1% decline beyond 10%.
The exact deal terms for the notes will be set at pricing.
Goldman, Sachs & Co. is the underwriter.
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