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Goldman Sachs plans leveraged notes tied to S&P Banks Select Industry
By Susanna Moon
Chicago, Aug. 22 – GS Finance Corp. plans to price 0% leveraged buffered notes linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The 24- to 27-month notes will be guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus double any index gain, up to a maximum settlement of $1,362 to $1,424 per $1,000 principal amount.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
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