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Goldman Sachs to price buffered notes linked to S&P 500 index
By Marisa Wong
Madison, Wis., July 23 - Goldman Sachs Group, Inc. plans to price 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 months after pricing.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 50% to 60%.
If the index falls by up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% index decline beyond the 10% buffer.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QHN9.
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