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Goldman Sachs plans 60-month leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, Oct. 25 - Goldman Sachs Group, Inc. plans to price 0% 60-month leveraged buffered notes 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 1.2 times to 1.3 times any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QXJ0.
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