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Goldman Sachs to price leveraged index-linked notes tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Jan. 15 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes due Feb. 4, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the gain in the index, subject to a maximum payment of $1,140 per $1,000 principal amount.
Investors will be fully exposed to losses if the index falls.
The final index level will be the average of the index levels on five trading days ending Jan. 30, 2015.
The notes (Cusip: 38147QEB8) are expected to price Jan. 17 and settle Jan. 23.
Goldman Sachs & Co. will be the underwriter with J.P. Morgan Securities LLC as agent.
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