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Goldman Sachs plans 0% leveraged notes linked to S&P 500
By Laura Lutz
Des Moines, April 4 - Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature in 15 to 16 months.
If final index level is at least initial level, the payout at maturity will be par plus 300% of any gain on the index, capped at a maximum payout that will be between 115.75% and 118.75% of par. The exact cap will be set at pricing.
If the index declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% that the index declines beyond 10%.
Goldman, Sachs & Co. is the underwriter.
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