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Goldman plans one-year leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, Nov. 13 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes due Dec. 4, 2013 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 1.5 times any index gain, up to a maximum settlement amount of $1,109.50 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter with JPMorgan as the agent.
The notes will price on Nov. 16 and price on Nov. 21.
The Cusip number is 38141GJE5.
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