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Goldman Sachs plans leveraged notes tied to S&P Banks Select index
By Devika Patel
Knoxville, Tenn., Aug. 19 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 18 and 21 months after issue.
The payout at maturity will be par plus two times any index gain, with a maximum return of between $1,260.00 and $1304.00. The exact amount will be set at pricing.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
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