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Goldman Sachs plans to price buffered equity notes linked to S&P 500
By Toni Weeks
San Diego, Oct. 6 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date is expected to be 18 to 21 months after issue.
If the final index level is equal to or greater than 70% of the initial level, the payout at maturity will equal the maximum settlement amount, which is expected to be between $1,093.50 and $1,110.00 per $1,000 principal amount. The exact maximum settlement amount will be determined at pricing.
If the index falls by more than 30%, investors lose 1.4286% for every 1% drop beyond the 30% buffer.
Goldman Sachs & Co. is the underwriter.
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