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Goldman Sachs announces index-linked notes due 2017 tied to S&P 500
By Devika Patel
Knoxville, Tenn., Oct. 6 – Goldman Sachs Group, Inc. plans to price 24- to 26-month 0% index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing level of the index is at least the initial level, the payout at maturity will be par plus five times the index return, with a maximum settlement amount of between $1,123.50 and $1,127.50 per $1,000 of notes.
Investors will be exposed to any losses if the final level of the index is less than the initial level.
The exact maximum settlement amount and maturity will be set at pricing.
Goldman Sachs & Co. is the agent.
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