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GS Finance plans leveraged buffered notes due 2023 tied to MSCI EAFE
By Sarah Lizee
Olympia, Wash., Aug. 1 – GS Finance Corp. plans to price 0% leveraged buffered notes due Aug. 31, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 to 1.6 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 40055QQY1.
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