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GS Finance to sell leveraged buffered notes linked to MSCI EAFE index
By Devika Patel
Knoxville, Tenn., Feb. 24 – GS Finance Corp. plans to price 0% 24- to 27-month leveraged buffered notes linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission. The exact maturity will be set at pricing.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount of $1,256 to $1,300 per $1,000 of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the agent.
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