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Goldman plans leveraged notes with cap on SPDR S&P Regional Banking
By Susanna Moon
Chicago, Jan. 31 – GS Finance Corp. plans to price 0% leveraged notes due in 18 to 21 months linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum settlement amount of $1,226.50 to $1,266.40 for each $1,000 principal amount.
Investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
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