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Goldman Sachs plans 18- to 21-month leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 12 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will have a tenor of 18 to 21 months.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum payout of $1,270 to $1,315 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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