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GS Finance to price leveraged buffered notes due 2023 tied to basket
By Sarah Lizee
Olympia, Wash., Sept. 10 – GS Finance Corp. plans to price 0% leveraged buffered notes due April 6, 2023 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Nikkei 225 index with a 20% weight.
The payout at maturity will be par plus 185% to 195% of any basket gain.
Investors will receive par if the basket falls by up to 40% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 1 and settle on Oct. 4.
The Cusip number is 40055QVZ2.
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