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Goldman plans leveraged notes with 12.75%-15% cap linked to S&P 500
By Susanna Moon
Chicago, May 17 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 56 and 65 weeks after pricing.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of $1,127.50 and $1,150.00 per $1,000 principal amount.
Investors will be exposed to any losses.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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