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GS Finance plans buffered basket-linked notes due 2019 on three ETFs
New York, June 28 – GS Finance Corp. plans to price 0% buffered basket-linked notes due Oct. 17, 2019 linked to an unequally weighted basket of exchange-traded funds made up of the iShares MSCI EAFE exchange-traded fund with a 53% weight, the iShares MSCI Emerging Markets exchange-traded fund with a 34% weight and the iShares MSCI EAFE Small Cap exchange-traded fund with a 13% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any basket gain, up to a maximum settlement amount of $1,217.50 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on July 11 and settle on July 16.
The Cusip number is 40055QHY1.
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