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Goldman Sachs plans 48-month leveraged buffered notes tied to S&P 500
By Marisa Wong
Madison, Wis., April 24 - Goldman Sachs Group, Inc. plans to price 48-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 1.14 to 1.33 times any index gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1.3333% for each 1% decline beyond 25%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38143UT43.
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