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GS Finance to price five-year leveraged buffered notes on MSCI EAFE
By Devika Patel
Knoxville, Tenn., June 1 – GS Finance Corp. plans to price 0% leveraged buffered notes due June 29, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 105% to 115% of the index return. The exact participation rate will be set at pricing.
Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that the index declines beyond 30%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QD74) will price on June 26 and settle June 29.
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