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Goldman plans leveraged buffered notes with 24% cap tied to S&P 500
By Susanna Moon
Chicago, April 23 - Goldman Sachs Group, Inc. plans to price 24-month 0% leveraged buffered index-linked notes tied 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 $1,240 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38143U2R1.
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