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Goldman plans to price buffered digital notes linked to S&P 500
By Jennifer Chiou
New York, Sept. 5 - Goldman Sachs Group, Inc. plans to price 0% buffered digital medium-term notes due 2014 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 the maximum settlement amount if the index return is greater than or equal to zero. The maximum settlement amount is expected to be $1,100 to $1,120 per $1,000 principal amount of notes.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The Cusip is 38143U6T3.
Goldman Sachs & Co. is the underwriter.
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