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Goldman Sachs plans capped leveraged buffered notes linked to S&P 500
By Marisa Wong
Madison, Wis., July 1 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes due Aug. 3, 2016 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 of $1,000 plus double any gain in the index, subject to a maximum settlement amount of $1,220 to $1,240 per note.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price July 29 and settle July 31.
The Cusip is 38147QCA2.
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